Articles tagged “air china”

Hong Kong Government to Lead $5 Billion Rescue Package for Cathay Pacific

Hong Kong Government to Lead $5 Billion Rescue Package for Cathay Pacific

Jamie Freed, Reuters

As Cathay Pacific Chairman Patrick Healy rightly points out, the airline will need to use the this extra cash to transform its business, not just to ride out the storm.

4 months ago

Coronavirus Confusion Puts Name of Taiwan’s China Airlines in the Spotlight

Coronavirus Confusion Puts Name of Taiwan’s China Airlines in the Spotlight

Ben Blanchard, Reuterst

Confusion over China Airlines’ branding is just the latest manifestation of Taiwan’s long-tenuous relationship with China. Will a name change help the Taiwanese carrier to forge its identity on the global stage?

5 months ago

China’s Crackdown on Cathay Raises Questions on Air China’s Next Move

China’s Crackdown on Cathay Raises Questions on Air China’s Next Move

Angus Whitley and Kyunghee Park, Bloomberg

Should Air China, which owns 30 percent of Cathay, buy more of the Hong Kong-based airline and become an even stronger China insider at the carrier? Or should it sell and wash its hands of a company that has incurred the wrath of the mainland? The latter sounds highly unlikely.

1 year ago

Chinese Airlines Hope a Cut in Levies Will Boost Profits

Chinese Airlines Hope a Cut in Levies Will Boost Profits

Dong Lyu, Bloomberg

China’s top three carriers are set for a total savings of $500 million (3.74 billion yuan) after July 1, when the government will slash in half the airlines’ mandatory contributions to a civil aviation investment fund. The country is determined to smooth out a recent downshift in its economic growth.

1 year ago

China Tells Airlines to Ban Smoking in Cockpits During Flights

China Tells Airlines to Ban Smoking in Cockpits During Flights

Kyunghee Park, Bloomberg

Cigarettes are cheap in China, where the average cost for a pack is $1.50. Shamefully, they're sold by a state-backed monopoly. Widespread smoking is a public health crisis. We salute the ban on flight crews and pilots from smoking in plane cockpits, where the air is confined.

2 years ago

Chinese Airlines Show Glimpse of Recovery After Rough 2018

Chinese Airlines Show Glimpse of Recovery After Rough 2018

Bloomberg News

Chinese airlines had a rough 2018 on public markets, but this year is shaping up much better, at least so far. Will the good times last?

2 years ago

Air China’s Ominous Fall

Air China’s Ominous Fall

Jay Shabat, Skift Airline Weekly

Air China is its country’s clear profit champion. But as a new airport soon opens in its home city, its challenges are many.

2 years ago

Air China Looked Into Buying HNA’s Airlines

Air China Looked Into Buying HNA’s Airlines

Bloomberg

Hainan Airlines is in many ways HNA's flagship brand, so selling it off would be an admission of defeat. The company's vociferous denial implies it wants to keep hold of it, but with debts of $78 billion, will it have a choice?

2 years ago

Chinese Airlines Hamstrung Despite Spiking Demand

Chinese Airlines Hamstrung Despite Spiking Demand

Bloomberg

Chinese airlines were given the green light to raise fares, but their lack of permission to hedge fuel has adversely impacted their performance. All of Trump's tariff talk hasn't helped, either.

2 years ago

Chinese Airlines Hit With Rising Costs Due to U.S. Trade Quarrel

Chinese Airlines Hit With Rising Costs Due to U.S. Trade Quarrel

Kyunghee Park and Dong Lyu, Bloomberg

The Chinese yuan has depreciated 5 percent against the U.S. dollar, making airline purchases of aircraft and payments of debts and leases costlier. Don't expect bold moves from them until the prospect of a trade war fades.

2 years ago

Airlines Fear Tariffs Will Stoke a U.S.-China Trade War

Airlines Fear Tariffs Will Stoke a U.S.-China Trade War

Brian Sumers, Skift

President Trump probably didn't consult many airline executives before announcing his China tariff plan. Airlines could be losers if this spurs a trade war.

3 years ago

China’s Three Largest Airlines Will Benefit From a New Ability to Raise Fares

China’s Three Largest Airlines Will Benefit From a New Ability to Raise Fares

Dong Lyu, Bloomberg

Eased regulation on the ability of Chinese airlines to raise fares is injecting some new confidence into their trajectories. Some key routes are likely to get much more profitable.

3 years ago