The airline and travel technology giant aims at supporting and investing in China's local travel ecosystem.
The company adds that it has more than 18 months of liquidity available at a zero booking rate.
Travel agents who have no direct access to TravelSky can use Aeronology’s connection to TravelSky to book all Chinese airlines into and out of China.
Sabre still has to wait for a UK antitrust regulator to rule before it can complete the deal.
System integration service revenue rose 23.3% to RMB 1,168.0 million for 2019, accounting for 14.4% of the company’s total revenue in the year.
The company is also canceling a dividend payment of €320 million that had been scheduled for the general shareholders’ meeting in June.
Major Chinese airlines registered over 30-percentage-point declines in load factor; Fosun Tourism's China operation slowly recovers.
International volume processed by domestic airlines dropped by 39.29% to 9.97 million in the first two months of the year.
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