Search results for “aviation report”
CAAC expects more than 50 new airports added in three years
09/20/2017|10:59:55 AM|
Over 50 new airports will be added in China by 2020. Some 68 runways, new terminals with a total floor area of 7.07 million square meters and 1832 aprons will also be added in the next three years.
China plans to relax private investment limit on state-own airlines
07/06/2017|10:25:16 AM|
Chinese aviation authority CAAC issued a consultation paper proposing state carriers Air China, China Eastern and China Southern be allowed to have a relative control other than absolute control in the state ownership structure.
CITS nets 20% more profit in 2016
05/05/2017|1:51:32 PM|
CITS Group posted operating revenue of RMB 22.39 billion in 2016, up by 5.16%. Net profit last year climbed 20.07%. Operating revenue grew 10.54% in the first quarter of 2017 while net profit for the period rose 5.83%.
Tour operator groups post revenue upsurge buoyed by outbound growth
04/28/2017|1:54:02 PM|
Chinese tour operator giant Utour Group recorded operating revenue of RMB 10.1 billion in 2016, up 20.71% YoY, while peer HNA-Caissa’s operating revenue of the year grew 34.48% to RMB 6.64 billion.
Spring Airlines posts 28.42% slump in 2016 net profit
04/05/2017|9:53:57 AM|
China’s biggest low-cost carrier reported a 28.42% fall in net profit for 2016. The airline also announced that its chairman Mr. Zhenghua Wang has stepped down and been replaced by his son and former president of the company, Mr. Yu Wang.
HNA Group to merge its technology and logistics units
02/10/2017|11:22:32 AM|
HNA Group plans to merge its eco-tech and logistics businesses into a new entity.
HNA plans brand-new aviation-tourism integrated entity
05/06/2016|10:49:53 PM|
HNA Group plans to set up a new independent entity integrating aviation, tourism and finance. The existing HNA Aviation and HNA Tourism will stay intact
China’s carriers report buoyant Q1 results
05/04/2016|9:17:21 PM|
Major Chinese carriers posted decent gains in first quarter of the year due to ongoing low crude prices and increasing domestic demand
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