China Southern Airlines Co, the country’s largest carrier, said it planned to raise no more than 10.75 billion yuan ($1.57 billion) through private issue of Shanghai and Hong Kong-listed shares.
The sale of shares was to improve the company’s capacities to cope with possible risks, according to company’s statement filed to the Shanghai Stock Exchange Monday.
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Aviation Industry Corporation of China will invest 3.3 billion yuan ($483.9 million) to develop new energy enterprises in China’s northeast, the company said Monday.
The State-owned company said it would build wind power stations of 200,000 kilowatts (kW), natural gas power stations of 100,000 kW and solar power stations of 40,000 kW installed capacity in the [...]
China plans to buy 218 aircraft this year to meet the increasing demand, a senior official said on Sunday.
The new orders will include jumbo jets and regional aircraft, said Li Jiaxiang, director of the Civil Aviation Administration of China (CAAC).
China would expect 700 million passenger trips a year by 2020, and the number is likely [...]
The majority shareholder of Okay Airways Co., China’s first private airline, has changed ownership after a private logistics company took a 71.4-percent stake of the shareholder, the airline said Thursday.
Wang Shusheng, chairman of Tianjin Datian W. Group Co., has taken over as chairman and legal representative of Okay Airways from Wang Junjin, chairman of Juneyao [...]
Air China Ltd, the nation’s third- biggest carrier, intends to buy Shenzhen Airlines Co to add a hub in the south of the country.
“Shenzhen Air is very important in terms of building a strategic network,” Chairman Kong Dong said today in Beijing, where he is attending a meeting of policy makers. Air China has begun [...]
Shanghai will put the second terminal of its Hongqiao international airport, which is part of a three-year airport expansion program, into operation on March 16, local airport sources said Thursday.
The program, involving construction of a 362,600-sq m terminal, a 3,300-meter-long runway that is the second of the Hongqiao airport and some supporting facilities for cargo, [...]
