Air China's aircraft which sports the "AIR CHINA LOVES CHINA" livery arrived at Beijing Capital International Airport on 28 September, and September 29 marks the day of its maiden flight to Shanghai. The background colour of the new artwork is white. The aircraft's tail is emblazoned with the "AIR CHINA LOVES CHINA" design, which is a nod to the red national flag painted on the nose. The fuselage is adorned with patterns of red silk, a Chinese cultural element which symbolises the bond … [Read more...] about Air China unveils new livery
Air China
YTO Express gets ‘ok’ to launch cargo carrier
Seeking to tap China’s 2015-estimated nine million tonne air freight market, YTO Express is the latest Chinese express provider to receive approval to launch a domestic cargo airline. The Hangzhou Xiaoshan International Airport-based carrier will initially operate either B737-300 or 737-400 freighters on domestic routes with plans to expand to 15 Boeing freighters in the next three years. The company plans to invest CNY5.5 billion (US$890 million) in its … [Read more...] about YTO Express gets ‘ok’ to launch cargo carrier
YTO Express gets 'ok' to launch cargo carrier
Seeking to tap China’s 2015-estimated nine million tonne air freight market, YTO Express is the latest Chinese express provider to receive approval to launch a domestic cargo airline. The Hangzhou Xiaoshan International Airport-based carrier will initially operate either B737-300 or 737-400 freighters on domestic routes with plans to expand to 15 Boeing freighters in the next three years. The company plans to invest CNY5.5 billion (US$890 million) in its … [Read more...] about YTO Express gets 'ok' to launch cargo carrier
Air China sees profits sink 32 per cent
Beijing-based Air China said net profit sank 32 per cent for the full year 2013 to 3.26 billion yuan (US$524.6 million) as revenue per passenger slid and air cargo operations bled from soft demand and overcapacity in the industry. Air China Cargo, in which Cathay Pacific Airways has a 49 per cent stake, continued to suffer from weak demand and overcapacity in the market, reporting losses of 349 million yuan for the period. Cargo yield dropped to 1.57 yuan from 1.69 … [Read more...] about Air China sees profits sink 32 per cent
China pushes for air cargo carrier merger
China's central government has intensified its pressure on Air China, China Eastern Airlines and China Southern Airlines to merge their cargo operations to compete with foreign carriers who dominate the market, the South China Morning Post reported, citing sources close to the matter. The news comes shortly after Payload Asia reported on an air cargo blueprint unveiled by government officials in Beijing in April aimed at securing a larger share of China's air cargo market by domestic players, … [Read more...] about China pushes for air cargo carrier merger
Cathay and Air China ink air cargo JV
Cathay Pacific Airways and Air China have set up an air-cargo joint venture in China, according to a joint statement by the carriers on Thursday, finalising an agreement after discussions lasting nearly four years. The joint venture will be 51 per cent owned by Air China and make use of the mainland Chinese carrier's existing air-cargo unit, Air China Cargo, as a platform. Cathay will have a 25 per cent equity stake and an indirect 24 per cent stake through an offshore trust. The agreement will … [Read more...] about Cathay and Air China ink air cargo JV
