News Listings for Meilan International

  • China's Haikou airport has 8% drop in H1 profits

    News | 26 Aug 2009 08:12 | Leithen Francis

    <p>China's Haikou airport on the southern island province of Hainan has reported an 8% drop in profits for the first half of the year.</p><p>The net profit...
  • China’s crossroads

    News | 31 May 2005 23:00

    Airports in China are undergoing an unprecedented level of growth thanks to a booming economy and a stringent reform agenda.
  • China slashes civil aviation spending

    News | 03 Feb 1999 00:00

    <p>Andrzej Jeziorski/SINGAPORE </p> <p>China is halving its investment in the civil aviation industry to 11.1 billion yuan ($1.3 billion) this year as its airlines struggle with financial losses, the official Xinhua news agency says. </p> <p>Liu Jianfeng, Minister of the Civil Aviation Administration of China (CAAC) says that the country will invest 6.3 billion yuan on infrastructure and 1.94 billion yuan on new aircraft, with the last 3 billion yuan earmarked for "technical upgrading", according to local reports. Last year, investment totalled a record 23.64 billion yuan. </p> <p>Liu says that profit should be the industry's main goal in 1999. Measures adopted to achieve this will include standardising air fares, controlling new aircraft acquisitions, limiting "irrational price competition" and adjusting networks and schedules to eliminate "redundant" routes. </p> <p>All but four of China's 30-plus state-owned carriers were in the red last year. The four profitable airlines were S
  • Hainan Airlines expands portfolio

    News | 08 Sep 1998 23:00

    <p>Hainan Airlines is to become the first Chinese carrier to own shares in an airport with its purchase of a 25% stake in the new Haikou Meilan International Airport. </p> <p>The domestic carrier will take the stake in the new international airport at Hainan province's capital, Haikou, with an initial investment of 200 million yuan ($23.9 million). The new airport will have a full registered share capital of 800 million yuan. </p> <p>Hainan will be the second largest investor in the airport. </p>