China Minsheng Investment Corp., one of China’s largest private investment funds, said it’s planning to enter the North American market as it grows its aviation business. Shanghai-based CMI is in talks to acquire a private-jet company located in the western part of the U.S., the company’s vice president Kong Linshan said in an interview Friday in Singapore. Kong declined to na...
China Aircraft Leasing Group Holdings Limited (“CALC” or the “Group”, stock code: 01848.HK), the largest independent operating aircraft lessor in China, completed the delivery of the fifth A320 aircraft to Air India Ltd. (“Air India”) at the facilities of Airbus in Toulouse, France on 28 October 2015, marking the 56th delivered aircraft of CALC’s fleet....
Air China said on Thursday its net profit jumped 98.1 percent from a year earlier in the first nine months thanks to lower fuel price and robust travel demand. Air China made 6.28 billion yuan (US$988.17 million) in January-September, in line with its own forecast. It made 3.17 billion yuan a year earlier, according to a stock exchange filing. Air China's Hong Kong-listed shares closed d...
Hainan Airlines Co., Ltd. (HU), one of China's four major air carriers, Thursday reported a third-quarter net profit of 887.33 million yuan, down nearly 37 percent compared to a net income of 1.41 billion yuan in the year-ago. The 3Q revenue increased to 10 billion from 9.81 billion yuan in the same period last year, but net profit fell 36.85 percent to 887.33 billion yuan, due to depr...
The Chinese manufacturer of the MA60 and Y12E aircraft delivered to Nepal Airlines Corporation (NAC) last year has sent a revised performance chart as the two planes did not meet the performance specifications sent earlier. NAC's Managing Director Sugat Ratna Kansakar said that they received the revised performance chart for the two aircraft on Monday, and were doing an internal techni...
Hainan Airlines' subsidiary Capital Airlines has opened two international routes - Zhanjiang-Bangkok on Oct. 26 and Beijing-Male on Oct. 27. The Beijing-based carrier has accelerated its international expansion pace as the Chinese economy grows, which has increased outbound travel for China's citizens. Capital Airlines operates 54 aircraft, comprising 22 Airbus A319s, 31 A320s and...
German Chancellor Angela Merkel's VIP jet landed at Beijing Capital International Airport (PEK) on Thursday morning. It is Merkel's eighth visit to China in her decade as chancellor. At Chinese Premier Li Keqiang's invitation, Merkel is making an official visit to China from Thursday to Friday. As Merkel exited her exclusive jet, she was greeted by a military honor guard at...
One Aviation named Jinggong (Beijing) General Aviation the exclusive distributor for the Eclipse 550 very light jet in China. Eleven-year-old Jinggong offers sales, training and service for each of the various general aviation aircraft brands - Cirrus Aircraft and Mahindra Airvan among them - it represents in the country. According to One Aviation CEO Alan Klapmeier, &l...
China Eastern Airlines -- one of the Chinese mainland's "Big Three" air carriers -- has teamed up with Taiwan's China Airlines to invest in SkyTeam's first lounge in Asia at Hong Kong International Airport (HKIA). The Shanghai-based airline -- a member of SkyTeam, a global alliance of some 20 airline partners -- vowed to upgrade its services in the SAR with an eye on...
The demolition of Taipei International Airport (Songshan airport) should be premised upon Taiwan Taoyuan International Airport being upgraded and able to incorporate the capacity of the central Taipei airport, Premier Mao Chi-kuo said yesterday. Taipei Mayor Ko Wen-je said he plans to hold a seminar on the possible removal of Taipei International Airport next month and he has invited the t...
A China-made large passenger aircraft expected to give the Boeing 777 a tough competition is set to take off commercially, a media report said on Monday. The passenger aircraft C919 that made its debut at an exhibition in November 2010 will begin to roll off the production line from November 2, the China Daily reported. Its maiden flight is expected to be in the third quarter of the nex...
The on-time performance of Chinese passenger airlines averaged 73.87 % in September 2015, up 11.33 percentage points year on year and 16.76 percentage points month on month, according to the data released by the Civil Aviation Administration of China (CAAC) on October 21. Data shows that 34 passenger airlines operated 285,203 flights in September and delivered 73.87% of their flights on time. F...
