All China articles – Page 14
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NewsChina Eastern’s parent to pump in up to $1.67bn via A-share issue
China Eastern Airlines’ controlling shareholder CEA Holding will inject up to CNY10.8 billion ($1.67 billion) into the airline by purchasing nearly 2.5 billion of newly issued A-shares, in a move the Shanghai-based carrier says will provide “strong financial support” for it to develop its business to cope with the impact of Covid-19.
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AnalysisHNA Group’s years of debt-fuelled acquisitions end in shambles
It may have started life as an aviation group, but by the time creditors showed up with bankruptcy filings, China’s HNA Group was a massive conglomerate with broad interests; from property to logistics; from aviation to financial services, the company had a finger in every pie.
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AnalysisLessors take stock as HNA creditors seek its bankruptcy
News that HNA Group creditors will seek to put the conglomerate into bankruptcy and reorganise it did not come as a surprise to some lessors, who had been anticipating such an announcement around the Chinese New Year.
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NewsHainan Airlines warns full-year loss could hit staggering CNY65 billion
China’s Hainan Airlines has forecast a staggering full-year net loss of between CNY58 and 65 billion ($9-10 billion), with asset impairment costs expected to account for a significant portion of its red ink.
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NewsChina’s ‘Big Three’ flag steep full-year losses from pandemic impact
China’s three largest carriers are expecting to swing firmly into the red for the year ended 31 December 2020.
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NewsChinese aviation giant HNA Group receives bankruptcy filing
Hainan Airlines’ parent company, HNA Group, will undergo a business reorganisation after creditors filed for its bankruptcy.
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NewsChina expects no rise in Lunar New Year traffic amid pandemic resurgence
China estimates that around 39 million passengers will fly during the Lunar New Year period — about the same figure as 2020 — as the country faces a resurgence in coronavirus cases.
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NewsC919 completes cold-weather testing
The Comac C919 narrowbody programme has completed cold-weather testing in China’s Inner Mongolia region.
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NewsChina Eastern sees senior management reshuffle
China Eastern Airlines vice president Jiang Jiang has resigned from his role, amid broader senior management changes that will see replacements in its supervisory committee.
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NewsChina's 'Big Three' cap off 2020 with lower passenger traffic results
China’s three largest carriers reported year-on-year declines in their full-year traffic results for 2020 as the coronavirus outbreak impacted travel demand, particularly in their international networks.
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NewsComac added to US government’s Chinese military blacklist
Chinese airframer Comac landed itself on the US government’s blacklist of “communist Chinese military companies”, where it could face sanctions and an investment ban from US companies.
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AnalysisWill US military end user list clip MA700’s wings?
The Avic MA700 turboprop finds itself in an awkward situation after airframer Xian Aircraft showed up on the US government’s Military End User list. With progress on the aircraft at a glacial pace, could the US government’s move seal the MA700’s fate?
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NewsSichuan Airlines picks Honeywell APU for A320 fleet
Sichuan Airlines has signed a five-year agreement with Honeywell for APUs on its Airbus A320 fleet.
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NewsXiamen Airlines gets capital boost from parent China Southern
China Southern Airlines will inject more capital into its subsidiary Xiamen Airlines, as part of a move to “support the development” of the latter carrier’s business.
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NewsChina imposes tougher restrictions for international flights
The Civil Aviation Administration of China (CAAC) has announced stricter measures on international flights coming into the country, as it moves to curb the number of imported coronavirus cases.
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AnalysisCan Chinese carriers build on domestic strength to make international recovery?
With Chinese carriers securing domestic recovery, the new year will bring an industry raring to recapture lost international share, with new players added to the fold.
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AnalysisAfter landmark ARJ21 deliveries, Comac hopes to break fresh ground in new year
Having secured relative success in the domestic market for its ARJ21 regional jet programme, Chinese airframer Comac will inevitably turn its attention to its C919 narrowbody, as it hopes to complete certification and delivery in the new year.
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NewsChina Eastern unit OTT Airlines to commence operations with three ARJ21s
OTT Airlines, the newly-launched subsidiary of China Eastern Airlines, will begin operations with a fleet of three Comac ARJ21 regional aircraft.
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NewsHainan tops up working capital with unused aircraft capex
Hainan Airlines Holding is channelling away funds earmarked for aircraft purchase into permanent working capital.
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NewsChina’s ‘Big Three’ see passenger traffic drop for first time in months
After consecutive months of steady recovery, China’s three largest carriers reported their first domestic traffic slump in November — the first in more than half a year, with at least one carrier blaming a resurgence in domestic coronavirus cases for the decline.