All China articles – Page 17
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NewsPandemic pushes China’s ‘Big Three’ into big full-year losses
China’s three largest carriers swung deeply into the red in 2020, despite a domestic air travel recovery, as the “unprecedented impact” of the coronavirus outbreak punished their profitability.
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NewsHainan’s creditors seek to claw back more CNY200 billion
More than 1,500 creditors are hoping to claim more than CNY201 billion ($36 billion) from Hainan Airlines, the embattled flagship airline unit of China’s HNA Group, as a creditors’ meeting draws nearer.
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NewsChinese airlines up domestic capacity from March-October
Chinese carriers will increase their domestic capacity for the summer and autumn schedules, by mounting extra flights and unveiling new domestic routes.
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OpinionSupply chain competition to heat up as China develops domestic aerospace industry
China is undergoing an aerospace evolution, developing a homegrown industry anchored by Commercial Aircraft Corporation of China (Comac) and supported by a strengthening domestic supply chain.
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NewsBeleaguered HNA Group seeks investors for aviation assets
China’s HNA Group wants strategic investors for its airline and airport units, days after receiving court approval to merge 321 related companies into a single entity for restructuring purposes.
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NewsCourt allows merger of 321 HNA Group-linked firms as part of restructuring efforts
A court in China has given the green light for the merger of 321 companies linked to troubled HNA Group, including its aviation assets, to speed up restructuring efforts.
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Airline BusinessA year on, China traffic paints mixed picture of recovery
Chinese carriers saw their domestic passenger traffic in February nearly double year on year, although this was just half of traffic figures reported in 2019, before the coronavirus pandemic hit.
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NewsChina shifts spotlight on domestic aerospace industry
China will double down on support for its domestic commercial aerospace industry in its development plans for the next five years, as part of efforts to wean off reliance on Western technology.
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NewsAVIC AG600 commences aerial firefighting capability testing
China’s Avic has begun test flights involving its in-development AG600 amphibian aircraft for firefighting capabilities, following its first successful flight over sea last year.
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NewsChina Eastern firms orders for five C919s, eyes service launch
China Eastern Airlines has firmed up orders for five Comac C919s, with the first example reported to arrive within the year and start operating major domestic trunk routes.
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NewsEHang completes autonomous trial flights in Beijing
Chinese urban air mobility start-up EHang has completed cold-weather test flights of its two-seater EH216 autonomous aerial vehicle over Beijing, as it embarks on a production capacity expansion.
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NewsDomestic travel curbs punish China’s ‘Big Three’ traffic recovery
China’s three largest carriers started the year with domestic traffic continuing to decline, amid travel restrictions imposed to curb a resurgence in local coronavirus cases.
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NewsWeak China Lunar New Year traffic offers little festive cheer
Chinese airlines carried just 3.57 million passengers across the seven-day Lunar New Year public holiday period, in what the country’s civil aviation regulators have called a “sharp drop” in passenger traffic amid a resurgence in the coronavirus.
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NewsGAMECO to open up third 737-800 freighter conversion line
Chinese MRO provider GAMECO is ramping up its Boeing 737-800 passenger-to-freighter conversion capabilities, as it announces the launch of a third conversion line at its Guangzhou facility.
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NewsChinese airlines saw 60% plunge in January passenger traffic
Airlines in China carried fewer passengers in January, amid a resurgence of local coronavirus cases that threaten to upend recovery momentum.
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NewsC919 heads to Canada for cold-weather icing tests
Canada will host Comac’s in-development C919 narrowbody for natural icing flight tests this year, as the programme inches closer to certification and service entry.
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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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Airline BusinessHNA 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.