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Spring Airlines partners with Sun Frontier to setup hotel JV in Japan
10/29/2015|5:53:42 PM|
Spring Airlines will invest over 20 billion yen in a joint venture with Sun Frontier to develop a network of the “Spring Sunny Hotels” in popular Japanese destinations.
Tuniu sets up commercial factoring firms to boost capital support for industry
09/17/2015|3:32:14 PM|
Tuniu became the first OTA stepping into the tourism factoring field as it announced on September 16 that it has been approved to establish two commercial factoring companies with an investment of RMB1.3 billion.
Spring Airlines reports 15.04% revenue growth in the first half of 2015
08/25/2015|8:44:00 AM|
Spring Airlines reported 128.1% y-o-y increase in net profits to RMB620 million in its fiscal report for the first half of the year. The earnings per share was RMB1.62.
Hainan Airlines shareholders get 231.92% y-o-y hike in earnings on shares in Q2
08/14/2015|2:59:07 PM|
Hainan Airlines has recorded 1.602 billion in net profits attributable to its shareholders in the first half of the year, representing an increase of 231.92% y-o-y.
Jetstar Hong Kong block a major victory for local carriers
07/01/2015|12:41:38 PM|
Jetstar Hong Kong failed to meet requirements defined by the Basic Law in regards to Hong Kong as its principal place of business.
HNA Group seeks to expand its Europe footprint by acquiring Swissport
07/17/2015|9:42:23 PM|
Swissport parent company PAI Partners is considering an IPO or sale to a buyer like HNA Group. If listed,Swissport could trade for up to US$3.5 billion.
Juneyao Air to raise US$574 million for fleet expansion and online travel venture
07/15/2015|9:56:36 AM|
Juneyao Air plans to raise RMB3.565 billion (approx: US$574 million) to expand its fleet and enter the online travel industry to open new sources of revenue.
Alibaba forms local lifestyle platform JV with Ant Financial
06/23/2015|10:08:56 AM|
Both parties will invest RMB3 billion in the Koubei platform that will leverage Alibaba’s gourmet platform and Ant Financial’s offline operations and management.
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