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Search results for “subsidy”
Didi invests in Taxify, an Uber rival in Europe and Africa
08/02/2017
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8:14:54 PM
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Didi Chuxing has expanded its global empire by making an investment in Taxify, an Uber-like service that operates in Europe and Africa as it prepares to launch in London later this year.
Spring Airlines posts 28.42% slump in 2016 net profit
04/05/2017
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9:53:57 AM
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China’s biggest low-cost carrier reported a 28.42% fall in net profit for 2016. The airline also announced that its chairman Mr. Zhenghua Wang has stepped down and been replaced by his son and former president of the company, Mr. Yu Wang.
China’s small and medium airports operating at 80% loss
12/03/2015
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6:02:11 PM
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CAAC distributed a total of RMB1.211 billion in subsidies to 146 airports. In 2014, 135 small and medium airports received a total of RMB1.079 billion in handouts.
31 Chinese carriers to get $143 million in subsidiaries in 2017
01/10/2017
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2:31:41 PM
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Thirty-one Chinese carriers are expected to receive RMB 987.6 million (USD 143 million) in subsidies for operating regional routes in 2017, according to Civil Aviation Administration of China (CAAC).
Chinese secondary airports to get RMB1.2 billion in subsidies
12/09/2014
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11:12:51 AM
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Secondary airports have drawn widespread criticism for incurring huge losses of up to 80% some also faced the embarrassment of having more staff than passengers.
Uber-Didi global duel intensifies as each raises billions
06/03/2016
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2:19:10 PM
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Uber taps Saudi Arabia wealth fund to take on rivals worldwide; China’s Didi raised $1 billion from Apple last month.
Passenger load factor of Juneyao Airlines reaches 86.09% in H1 2016
08/30/2016
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10:30:39 AM
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Juneyao Airlines carried 6.2613 million passengers in the first half of 2016, an increase of 27.56% over the previous year. It’s passenger load factor reached 86.09%.
UCAR launches commission-free C2C platform
09/23/2016
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11:06:36 AM
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UCAR's newly launched U+ Open Platform Strategy entices targeted car owners in China to join the platform, without charging a commission.
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