Search results for “aviation”
Shanghai aims to become third busiest aviation hub in the world by 2020
12/30/2015|11:12:16 PM|
Shanghai Pudong International Airport has officially embarked on its third construction phase to build a satellite hall for the airport that is scheduled to be completed in 2019.
China Eastern gives core staff 10% holding in ownership revamp of logistics arm
06/20/2017|2:14:20 PM|
The ownership structure of China Eastern’s logistics unit will be diversified and core employees will share 10% holdings of the company.
Tongcheng Tourism sets up own airlines for one billion yuan
05/02/2017|9:19:38 AM|
Online travel agency Tongcheng Tourism announced that it has invested RMB 1 billion to set up an airline company.
Chinese airlines carry 488 million air passengers in 2016
05/11/2017|11:38:56 AM|
China’s airlines carried 436.34 million passengers on domestic routes in 2016, up by 10.7% YoY. Passengers on international routes rose 22.7% to 51.62 million last year.
CITS nets 20% more profit in 2016
05/05/2017|1:51:32 PM|
CITS Group posted operating revenue of RMB 22.39 billion in 2016, up by 5.16%. Net profit last year climbed 20.07%. Operating revenue grew 10.54% in the first quarter of 2017 while net profit for the period rose 5.83%.
Tour operator groups post revenue upsurge buoyed by outbound growth
04/28/2017|1:54:02 PM|
Chinese tour operator giant Utour Group recorded operating revenue of RMB 10.1 billion in 2016, up 20.71% YoY, while peer HNA-Caissa’s operating revenue of the year grew 34.48% to RMB 6.64 billion.
China to purchase 300 Boeing planes as part of Sino-US aviation cooperation
09/24/2015|10:49:32 AM|
China has sealed a partnership with Boeing, paving the way for setting up a Boeing assembly and large parts manufacturing plant in China as well as plane purchases.
Bullish outlooks for Chinese airlines as they emerge from exchange rate hits
04/24/2016|7:57:59 AM|
China’s carriers are enjoying more favorable outlooks than their overseas counterparts, thanks to cheap oil price, great domestic demand and supportive regulatory policies, but it remains to be seen if the advantage can be sustained
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