China’s international travel is still down 95%.
Trial production should begin in 12 to 18 months after Guanglian obtains land use rights.
Flights averaged about 9,931 per day in July, a month-on-month increase of 42.16%.
Fang’s stake is worth USD64.7 million, based on the issue price of the private placement.
Hainan Airlines expects to make a loss of more than RMB 11.9 billion in the first half of the year.
Cathay aims at hiring more than 4,000 front-line employees to meet operational needs over the next 18-24 months.
The Hainan lockdown has yet to be worked through by most Chinese carriers, but China Eastern are ahead of the game with a 6% cut week-on-week.
The change is aimed at promoting personnel exchanges between China and foreign countries.
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