The mainland civil aviation regulator has accepted the applications from 12 airlines which intend to run direct flights between the mainland and Taiwan during the coming Chinese New Year.The 12 airlines, including seven mainland carriers and five Taiwan airline companies, plan to provide more flight services...
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...
China Eastern Airlines<600115><670><CEA>, the country's third-largest carrier, announced that its passenger volume fell to 37.05 million in 2008, down 5.4% from 39.16 million in 2007, the first drop in at least nine years.The Chinese carrier ascribed the decline mainly to a series of natural disasters and the...
China Southern Airlines Co<600029><1055><ZNH>, the largest airline by fleet size in the country, will issue RMB 900 million five-year medium-term notes on the interbank market on Dec.16, sources reported. The company said in a statement that the coupon rate will be determined during the process of book...
Shanghai International Port (Group) Co Ltd (Shanghai Port)<600018>, China's largest port operator, will issue RMB 2.7 billion short-term financing bills with a maturity of 365 days on the interbank market on Jan. 14, market sources reported. The company said in a statement that this batch of notes will be issued at...
State-owned China Aviation Industry Corp (AVIC) signed an agreement on Thursday with the Tianjin municipal government to set up a helicopter joint venture (JV) in the city, the China Daily reported. Under the agreement, AVIC will inject its existing helicopter development and manufacturing assets, including...
Jan. 9, 2009 (China Knowledge) - China's State Council has approved the exemption of fuel surcharge tax imposed on domestic flights for Chinese airlines during the 2008-2010 period.The 3% tax that has been paid will...
Jan. 9, 2009 (China Knowledge) - Taiwan-based ASUSTeK Computer Inc, the world's largest motherboard manufacturers, saw a larger-than-expected drop of motherboard shipments during the fourth quarter of last year due to the sharply shrinking demand...
Jan. 6, 2009 (China Knowledge) - Evergreen Marine Corp, the fourth largest shipping company in the world, plans to spend US$5.5 billion on building 100 new container vessels by 2012, sources reported, citing Chang Yung-fa,...
Jan. 4, 2009 (China Knowledge) - Tianjin Port Group, the largest port operator in north China, handled 354 million tons of cargo this year, compared with 300 million tons in 2007, according to an official...