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Tibet Airlines to launch in May

China prepares to launch its first airline based in southwestern Tibet - Tibet Airlines Co Ltd next month. Tibet Airlines, with a registered capital of 280 million yuan, will be headquartered at Konggar Airport in Tibet's capital, Lhasa, and will provide domestic cargo and ...

Profits take off at China Eastern Airlines

China Eastern Airlines Co., Ltd, one of China's leading carriers, Monday reported a net profit of 540 million yuan (79 million U.S. dollars) last year on lower operating costs. Net profits jumped 103.88 percent year on year from a 14-billion-yuan loss in 2008. Revenues hit 39.83 ...

Netherlands gradually reopens airspace

The Netherlands is gradually reopening its airspace, which had been closed since Thursday due to the volcanic ash from Iceland. Three passenger flights of the Royal Dutch Airlines KLM took off from Amsterdam's Schiphol airport Monday evening and more flights will be allowed, the ...

HK air traffic data grow across the board in Q1

The Hong Kong International Airport (HKIA)'s traffic figures increased across the board in the first quarter of this year, with passengers, cargo throughput and aircraft movements growing by 6.7 percent, 34 percent and 1.2 percent respectively, the Airport Authority Hong Kong ...

KLM resumes flights amid volcanic ash

The Royal Dutch Airline Air France - KLM said two commercial flights took off to the Far East on Sunday evening. There were no passengers on board these flights, which both carried cargo and the regular crew complement. In a statement, KLM said a Boeing 747 full freighter flew to ...

US canceled 84% flights to Europe due to volcanic ash

Up to 84 percent of U.S. flights to Europe remain canceled Saturday as ash cloud from an Icelandic volcano continues to blow across the continent, authorities said. U.S.-based carriers operate about 337 passenger and cargo flights between the United States and Europe each day. On ...

Cargo unit flies into Q1 profit

China Eastern Airlines' cargo unit flew into a profit in the first quarter of this year for the first time since 2005, bolstered by the recovery in air freight demand and cooperation with Shanghai Airlines. Revenue of China Cargo Airlines soared 95.2 percent through March from a ...

Jet maker signs up suppliers

China's jumbo jet maker signed letters of intent with Honeywell and other equipment suppliers in Nanjing yesterday in another step toward the nation's first domestically built 150-seat jet. The suppliers will produce hydraulic, fuel and air management systems, auxiliary power ...

AirPlus turns to China for business travel growth

AirPlus International, a global business travel management services company, hopes to accelerate growth in China, one of its fastest growing markets, in a move designed to help it recoup losses incurred during the global economic downturn. "Expansion of our presence in China is a ...

China Eastern set to Announce Alliance

China Eastern Airlines is expected to announce its participation in the SkyTeam airline alliance on Friday. Spokeswoman Liu Jiangbo said a ceremony will be held on April 16 to announce China Eastern's decision, but wouldn't disclose which alliance it would join. France's La ...

China Southern Airlines swings to profit in 2009

China Southern Airlines Company Limited (China Southern) swung to a net profit of 358 million yuan (52.49 million U.S. dollars) in 2009 after posting a 4.8 billion yuan of loss in 2008. Earnings per share rose to 0.05 yuan, compared with a 0.74 yuan loss in 2008, according to its ...

East China province launches new flight, ship routes

East China's Jiangsu Province has launched a cargo air route to Hong Kong and a sealane to Janpan to boost foreign trade, local transport department said Monday. A cargo air route to Hong Kong launched in Wuxi Wuxi City Saturday started its first cargo air route to Hong Kong, ...

East Star boss gets 4 years for tax evasion

The boss of China's privately owned East Star Airlines has been found guilty of tax evasion and sentenced to four years in jail. The Wuhan Intermediate People's Court found Lan Shili, a board director and the controller of Wuhan-based East Star, guilty of the charge when he ...

Tibet's 5th civil airport to be operational in October

The fifth civil airport in southwest China's Tibet Autonomous Region is expected to start operating in October, a local aviation official said Saturday. Construction of the Peace Airport in Xigaze prefecture began in April last year and would be completed in September, making its ...

China loosens control over domestic flight pricing

Chinese airlines can decide the price of first- and business-class fares for domestic flights as of Tuesday, according to a new regulation issued by the Civil Aviation Administration (CAA) and the National Development and Reform Commission (NDRC). Previously, first- and business...

Test flight lands successfully at new Tibetan airport

An Airbus A319 passenger plane completed a test flight Friday by landing at Gunsa Airport in southwest China's Tibet Autonomous Region, a month before the airport, the fourth civilian-use airport on the "Roof of the World," begins operations. The Air China plane took off from ...

Airline's limit waived

China Eastern Airlines will have its special trading limit waived from today after it returned to profit last year thanks to recovering demand and government aid. The country's second-largest carrier asked the Shanghai bourse on April 19 to end the limit and this has been ...

HACTL sees change in stake holders

Swire Pacific Ltd, its affiliate Cathay Pacific Airways and Citic Pacific agreed to sell their stakes in Hong Kong Air Cargo Terminals Ltd (HACTL) as the airline resumed work on building its own cargo terminal. They will sell their combined 40 percent stake in Hong Kong's largest ...

Cathay, Singapore to raise fuel surcharges in June

The Civil Aviation Department (CAD) of Hong Kong approved on Tuesday a roughly 20 percent rise in passenger fuel surcharges in June levied by Cathay Pacific and Singapore Airlines. After the adjustment, the maximum levels of fuel surcharges will be 110 HK dollars (14.12 U.S. ...

COSCO explores investment opportunities in Greece

Leading Chinese shipping giant China Ocean Shipping (Group) Company (COSCO) is exploring more investment opportunities in Greece after successfully winning a container operation project at the Greek port of Piraeus, COSCO President and CEO captain Wei Jiafu said. "This is our ...
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finance

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industry

sports

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