China to sanction Boeing, other arms suppliers
>> China will impose unspecified sanctions on Boeing Co.’s defense unit, Lockheed Martin Corp. and Raytheon Technologies Corp. after the U.S. State Department approved $1.8 billion in arms sales to Taiwan last week.
Study tours provider Sanmaoyou closes million-dollar financing round
>> Sanmaoyou, a platform providing global travel and culture contents, has raised USD 1.5 million in its Series A+ financing round led by New Oriental Education & Technology Group. The investor New Oriental is bullish about the prospect of the platform that provides content related to both travel and general education, and believes that they can find synergy between their businesses.
Flights from India to China's Wuhan all set to resume operation
>> India’s national carrier is all set to operate flights to Wuhan on October 30. This will be the first flight operation to the central Chinese city. The Delhi-Wuhan flight has been announced after the cancellation of October 23 flight between Delhi-Guangzhou. However, those arriving from New Delhi will be required to undergo 14-day quarantine in the designated hotels.
MakeMyTrip posts 82.2% drop in revenue but sees improvement month on month
>> MakeMyTrip said its latest-quarter results were still significantly and negatively impacted by Covid-19. Revenue declined 82.2% in the quarter ended September 30. But since India's lockdown orders had been slowly lifted in late May, MakeMyTrip had seen a gradual recovery in travel demand, with sequential month on month improvements across all its lines of business.
China Southern is "world's largest airline" again, downturn still shows
>> OAG data show that China Southern Airlines is currently the biggest carrier in the world. The airline added seat capacity to nearly 2.6 million seats, which is 1.2% up compared to last week and just 10% down from the start of the year. American Airlines therefore has been moved down to second place with just over 2.4 million seats so far, 7.2% down from last week and 50% down from January.
China Eastern issues joint membership card partnering IHG, Guangfa Bank
>> China Eastern Airlines released its first joint membership card with a domestic bank and an international hotel group to tap the demand for domestic travel and serve participants at the China International Import Expo. The three-party credit card was released by the Shanghai-based carrier, the China Guangfa Bank and InterContinental Hotels Group (IHG) in Shanghai. Card holders can gain credits by booking flight tickets or hotel rooms as well as shopping.