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'...
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...
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 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...
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...
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 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...
A Chinese entrepreneur, Wei Hang, is to restart manufacture of the Windecker Eagle, or Eagle AC-7 Eagle 1, nearly 40 years after its US developer Windecker Industries shut down, having only produced eight and delivered one of the piston-singles. Windecker’s demise was triggered by the Western economic recession of the mid-1970s, which hit the light aircraft industry particularly hard. The...
Aviation Industry Corporation of China (AVIC) is consolidating its aircraft engine manufacturing units, an executive at one of the units said, as part of a wider restructuring of the state-owned aerospace and defense company aimed at boosting competitiveness. Trading was halted at Sichuan Chengfa Aero-Science and Technology Co, AVIC Aero-Engine Controls Co and AVIC Aviation Engine Corp las...
A Taiwan woman passenger aboard a China Airlines (CAL) plane bound for Los Angeles gave birth to a baby girl in the air Thursday, the nation's largest air carrier confirmed Thursday. CAL said her flight took off from Taiwan Taoyuan International Airport at 11:50 p.m. Wednesday and was scheduled to arrive in the U.S. at 8:35 p.m., Los Angeles time. Around six hours into the...
Yesterday a Boeing 787 Dreamliner of Hainan Airlines (HU) performing flight HU7189 from Beijing landed smoothly at Guiyang Longdongbao International Airport (KWE) , marking the arrival of its first ever B787 Dreamliner in the airport's history. Currently Guiyang Airport operates wide-body aircraft including A330-300s and A330-200s. With the approaching of 2015 winter/spring f...
United Airlines, the airline with the most U.S.-China service, has made seats available for sale to its newest China destination, Xi’an. The nonstop service will be the first trans-Pacific flights to Xi’an operated by any airline, and United will be the first U.S. airline to serve the city. United intends to use the world’s most advanced passenger airplane, the Boeing 787 D...
