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Airlines raise price of premium seats

China's three largest airlines raised ticket prices for premium passengers this month, confident that business travel is rebounding in the world's second-largest aviation market. The fare rises come on the heels of further industry deregulation allowing domestic carriers to ...

Aviation industry merger in works

China National Aviation Holding Company is to take over China Aviation Supplies Holding Company (CASC), a major aircraft and material provider for domestic airlines, which is part of the government's plan to consolidate the aviation industry, a source knowledgeable with the deal ...

China Eastern in JV deal with Yunnan gov't

China Eastern Airlines Corp, the nation's third largest air carrier, announced Tuesday it will set up a 3.66-billion-yuan ($540.3 million) joint venture airline company in southwest China's Yunnan province in collaboration with the local government. According to agreements signed ...

Express passenger claims off the rails

While the low occupancy of express trains from Shanghai to Nanjing has attracted widespread attention online, rail authorities rebutted criticism that high ticket prices had driven passengers away. As many as 2.82 million passengers took express trains between Shanghai and ...

Capital airports report passengers up 17% in H1

Airports owned by the Beijing-based Capital Airports Holding Company (CAH) saw a 17 percent rise in passenger traffic to 67.61 million in the first half of 2010 from a year ago, said the company Thursday. Further, the number of aircraft takeoffs and landings in the first six ...

China's rich flying high in private jets

Flight delays, traffic jams and the need for privacy have led China's super rich to travel by private planes, though space and flight restrictions can still make it difficult for them to take off. Insiders warned the restrictions could put a damper on the demand for private ...

Boeing delivers 800th aircraft to China

The 800th Boeing aircraft to be sold to China -- a next-generation 737-800 -- has been delivered to Air China. The milestone was marked by officials from Boeing, the Civil Aviation Administration of China (CAAC) and Air China Tuesday in Seattle, in the U.S. state of Washington, ...

Ports see 20% rise in cargo

Cargo throughput rose nearly 20 percent in Shanghai in the first half and whole-year performance is expected to exceed previous estimates with global trade gradually recovering, the local port authority said Wednesday. Container throughput climbed 18.8 percent to 13.86 million ...

Chinese air carriers eye more intl flights

The Civil Aviation Administration of China (CAAC) said recently it will further subsidize special long-haul international flights and expand the variety and scope of tax reductions and exemptions on international routes to encourage domestic airline companies to fly overseas, ...

Domestic airlines make overseas push

Private-run Spring Airlines is expected to inaugurate its maiden international flight from Shanghai to Ibaraki, Japan next Wednesday, the latest move as domestic players turn toward the international market. Air China said last Wednesday that it is in talks with Boeing and Airbus ...

China COSCO says it may swing back to profit in 1H

China COSCO Holdings Co., China's largest shipping line, said Saturday it may swing back to profit in the first half as its shipping business recovered. The company's shipping business rebounded strongly in the first half as the global shipping market recovered, the company said ...

Shanghai port container throughput up 19% in 1H

Shanghai port reported an 18.8-percent year-on-year rise in container throughput in the first half amid strong economic recovery and booming trade. The country's largest port handled a record 13.86 million twenty-foot equivalent units (TEU) containers, the Shanghai border ...

Spring Airlines promo to slash ticket prices

Charting a course counter to rival carriers that have jacked up ticket prices for the summer travel season, Spring Airlines, the nation's only budget airline, is planning on offering steep online discounts this Sunday. A total of 1,000 discount domestic tickets will be sold ...

China starts construction of road bridge to Sino-Russian border island

Construction of a road bridge linking northeast China's Fuyuan county in Heilongjiang Province with Heixiazi Island on the China-Russia border started Tuesday, said Zhang Jiayang,the project manager Wednesday. Zhang said the two-way, four-lane road bridge would be 6.4 km long, ...

DHL plans cautious strides for China growth

DHL Express, the express arm of Deutsche Post DHL, will continue to expand in China, but in a careful and cautious way, according to Charlie Dobbie, executive vice-president for network operations. Dobbie told China Daily that DHL Express will continue to build on its partnership ...

Civil aviation industry sees double-digit growth

China's aviation industry has achieved double-digit growth in the first six months this year, due to sharp rise in air traffic demand, the top official of China's civil aviation said Tuesday. From January to June, China's aviation industry saw 25.38 billion ton/km in air traffic ...

COSCO acquires rights to Athens port

Despite financial turmoil surrounding Greece, COSCO Pacific, a port operator subsidiary of China's State-owned shipping giant China Ocean Shipping (Group) Co (COSCO), has signed a US$4.2 billion deal to take over management of an Athens container port. COSCO signed a 35-year ...

Europe: Eni calls for incentives to restructure European refining sector

p>European policymakers should consider a raft of fiscal incentives to help the region's refiners shed surplus capacity and reconfigure assets as the industry struggles to face growing market challenges, Eni's head of downstream development initiatives Maurizio Maugeri said ...

WTO: China biggest target of anti-dumping investigations

The World Trade Organization (WTO) published a report on Dec. 6 local time in Geneva saying that China is still the top target of anti-dumping investigations on the global market. In the first half of the year, China was involved in 23 new anti-dumping investigations launched by ...

Taiwan auto parts industry eyes mainland market

The Economic Cooperation Framework Agreement across the Taiwan Strait will take effect on January 1st. At that time, 33 types of auto parts will enjoy a tariff reduction to 5 percent from 10 percent. Many Taiwan auto parts businesses are taking advantage of the opportunity to ...
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finance

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industry

sports

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