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China aviation news

Bank of China Votes for IPO of Aviation Leasing Unit in HK

Bank of China Ltd, the country's fourth biggest commercial bank, has voted to spin off its aviation leasing unit in a Hong Kong share sale, the lender said in a statement to the Shanghai Stock Exchange. BOC Aviation Pte Ltd will raise funds by selling no more than 40 percent of the firm through a listing of new and old shares on the main board of the Hong Kong Stock Exchange, the statement...

Air China Posts Double-Digit Capacity Growth in September

Air China Limited (CA) reported two-digit growth in both passenger and cargo capacity in September to meet strong demand in the peak travel month. The flag carrier announced Available Seat Kilometers (ASK) increased 11.7% in September compared with the same period last year, including 9.7% growth on domestic routes, 17.1% growth on international routes and 0.9% growth on regional routes. Pas...

China's Ten Busiest Airports in National Day Holiday

During the past week-long National Day holiday, as many as 9 million people traveled through Chinese airports, according to statistics released by the Civil Aviation Administration of China (CAAC) on Oct. 8. Passenger numbers reached 8.96 million during the period, up 9.8 percent year on year, the statistics shows. Domestic passengers increased 10 percent to 7.82 million compared with the same...

Air China Expands Beijing-New York Footprint, Adding Flights to Newark Airport

In order to further meet the buoyant demand for air travel between China and the United States, Air China will add more flights to its Beijing-New York schedule from October 26, 2015. The newly-added flights will serve Newark Liberty International Airport, offering an additional easy travel option for travelers between the two regions. Newark Liberty International Airport is one of the five big...

Tianjin Airport Opens 2nd Runway Today

As Tianjin Airlines (GS) flight GS6551 landed smoothly at Tianjin Binhai International Airport (TSN)'s second runway at 9:06 a.m. on Oct. 15, the airport's second runway 16L/34R welcomed its first flight after being put into service. In recent years, the passenger throughout of Tianjin airport has been in the forefront among domestic airports. Its aircraft movements have surge...

Qantas to Move to Terminal 1 at Shanghai Pudong Airport from Oct. 25

Qantas Airways Limited (QF) will move its operations from Terminal 2 to Terminal 1 at Shanghai Pudong International Airport (PVG) beginning October 25, Shanghai Airport Authority (SAA) said in a statement on Wednesday. Qantas signed a joint venture agreement with China Eastern Airlines (MU) in November 2014. A key benefit of the agreement will be the co-location of both carriers'...

Shandong Airlines Forecasts Up to 700 Million Yuan Net Profit from Jan.-Sep.

Air China's subsidiary Shandong Airlines (SC) predicted that the net profit for the first three quarters is expected to increase by 66.04%-102.94% year on year, according to the airlin's earning forecast issued yesterday evening. The Jinan-based carrier forecast its net income for the third quarter of 2015 would reach between 359.51-487.59 million yuan. The net profit from Jan...

China's 9 Air Selects Ali-Jiatai as Seat Supplier for its Boeing 737

Chinese startup 9 Air (AQ) has selected AVIC Hubei Ali-Jiatai Aircraft Equipment Co., Ltd., a homemade airline seat maker, to supply seats for its Boeing 737 aircraft. 9 Air and Ali-Jiatai signed a Boeing 737 seat supply agreement in Beijing on Tuesday afternoon. According to the agreement, Ali-Jiatai will become the seat supplier for the low-cost carrier's 737 aircraft starting 2016....

Shenzhen Airport Forecasts 65-85% Profit Growth in First Three Quarters

Shenzhen Bao'an International Airport (SZX) forecasted a 65-86 percent increase in net profit for the first three quarters, due to robust travel demand and lower operating costs, the company said Tuesday night. Net profit for Jan.-Sep. 2015 is expected to reach 315.3-353.5 million yuan, up 65-85 percent compared with that of 191 million yuan in the same period last year, according...

China's Sunward buys Canada's Avmax for $347.24m to diversify into aviation

Chinese construction equipment maker Sunward Intelligent Equipment Co said it has bought Canadian aviation services provider Avmax Group, which has assets of up to $312 million, amid a sustained downturn in the construction machinery market. Sunward closed the deal with Avmax's biggest shareholder in mid-September, but the pricing has yet to be finalised based on Avmax's future performance...

Chinese Group HNA Wants to Buy Famous French Tour Operator

One of the largest French tour operators, FRAM group, announced Tuesday that it received a "firm offer for the acquisition of its shares" made by the Chinese group HNA and its French partner Selectour Afat. This is another big case of investment by Chinese business in France in the tourism sector, following the acquisition of Club Med by Fosun, and Louvre Hotels by Jin Jiang. FRAM...

AVIC Aircraft Forecasts 116-140 Million Yuan Loss for First Three Quarters

AVIC Aircraft Company Limited expects to suffer a loss of up to 61.67 million yuan in the third quarter, compared with the net profit of 123.34 million yuan in the same period last year, the Chinese aircraft manufacturer said on Tuesday night in its third-quarter earnings forecast. Net loss for the nine months ended September 30 will be 116-140 million yuan, compared with the net profit of...