Ctrip has about $700 million worth of convertible bonds due in July. Its shares are trading at about $33.50, 38% below the agreed convertible price of $54, according to data compiled by Bloomberg.
Buoyed by technological innovations and transformation in consumer demands, the travel sector has soared despite turbulence in the year.
The City’s flag carrier offered to take some of Hong Kong Airlines’ cockpit crew.
PMCs will race for overall dominance with mergers and acquisitions to be the next unicorns.
OYO’s China unit could post a $394.9 million profit in 2022, which could then grow to $1.65 billion by 2024, the projections showed, implying a four-fold jump in net profit in two years.
China Eastern Airlines will increase its flights from three times a week to a daily frequency this winter, just as Air China begins a four times weekly service from the Chinese city in November.
Tourism is one of the few industries U.S. has enjoyed substantial advantage over China: In 2018, Chinese tourists traveling to the U.S. spent USD 30 billion more than American tourists visiting China did.
The airport, which has four runways, parking spaces for 150 airplanes and a 700,000-square-meter terminal, is expected to handle 45 million passengers by 2021 and 72 million by 2025.
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