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HNA forms Shen Niao Airlines to tap southwestern market
11/29/2016|4:58:55 PM|
Hainan Airlines will form a new airline company called Shen Niao Airlines in a total investment of RMB 3 billion.
CITS operating revenue grows 4.12% in three quarters
11/07/2016|11:07:12 AM|
CITS registered operating revenue of RMB 16.445 billion in first three quarters of 2016, up by 4.12% YoY. Net income was RMB 1.461 billion, 10.78% more than last year.
CYTS revenue drops 1.65% in first three quarters
11/04/2016|2:06:30 PM|
State-owned travel agency CYTS recorded operating revenue of RMB 7.735 billion in first three quarters of 2016, down by 1.65% YoY. Net income was up by 53.15% YoY.
CAR Inc. reports slight increase in three-quarter net profit
11/17/2016|6:56:39 PM|
CAR Inc. posted net profit of RMB 1,388 million in first three quarters and the company's chairman believes the new car-hailing rules are good for subsidiary UCAR.
China Eastern plans to restructure as an investment firm
11/14/2016|9:45:16 AM|
China Eastern Airlines has filed an application to the state authority to restructure itself into a “state-owned investment company with airline characteristics.”
Cheer U Island raises RMB 12 million in A round
11/08/2016|11:21:02 AM|
Island-tour tailor Cheer U Island received RMB 12 million in its latest A round, which boosted the company's value to more than RMB 100 million.
Net profit of Jin Jiang totals RMB 736m in three quarters
11/02/2016|10:03:43 AM|
Jin Jiang Group’s subsidiaries Jin Jiang Hotels Development, Jin Jiang Investment, Jin Jiang Travel registered a total of RMB 736 million net profit in Q3 2016.
Airlines: Leveraging Tech for Added Value
10/27/2016|9:39:12 AM|
With the increasing touch points that technology brings, airlines can leverage their auxiliary services to attract more consumers and grow revenue.
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