BEIJING/SEOUL, Feb 9 - Cowed commodity markets began buzzing last week with a tantalising notion: China's economic recovery is nigh, traders said, just look at the surge in freight rates and sudden burst of import...
BEIJING, Feb 9 (Reuters) - Beijing will offer stimulus measures to China's ship building sector, in the throes of a likely 50 percent decline in orders this year, state media said on Monday ...
The passenger volume of China's leading air carriers rose 3.3% year on year to 192 million in 2008, representing the first single-digit growth in five years, the Shanghai Daily reported, citing statistics released by the Civil Aviation Administration of China (CAAC) on Friday.
Star Travel, the tourism subsidiary of Taiwan-based home appliance chain Tsann Kuen Enterprise Co Ltd, plans to open 17 outlets in mainland China this year, sources reported.
SHANGHAI, Feb 4 (Reuters) - A major restructuring of China's loss-making airline industry is unlikely in the near term as the government has more urgent issues to tackle, a senior Chinese airlines executive said on Wednesday.
On Jan. 18, the Aviation Industry Corp of China (AVIC), the country's largest plane maker, and the Shanghai municipal government launched a joint venture (JV) to produce engines for China's large commercial aircraft in Shanghai, the China Daily reported.The JV, namely AVIC Commercial Aircraft Engine Co Ltd...
The Civil Aviation Administration of China (CAAC) and the National Development and Reform Commission (NDRC) decided to suspend fuel surcharges on domestic flights as of Jan. 15 as a result of the decrease in kerosene prices, sources reported.As early as Dec. 25, 2008, in an effort to boost the domestic...
Air China Ltd<601111><753>, the country's flag carrier, said its parent company China National Aviation Holdings Co had started "preliminary talks" on the acquisition of East Star Airlines, according to its statement filed with the Hong Kong Stock Exchange on Monday.Air China said in the statement that its...
Kunming Airlines will soon start operation after obtaining the operation license from the Civil Aviation Administration of China (CAAC), sources reported. The new carrier, with a registered capital of RMB 80 million, will be 80% controlled by Shenzhen Airlines with the remaining 20% owned by a local...
Delta Airlines, the world's largest air carrier, announced that it would launch the nonstop service between Shanghai and Detroit from June, the official Xinhua News reported. The Shanghai-Detroit flight will operate with Boeing 747-400 aircraft, which has 65 lying-flat seats in the business class and 338 coach seats....