Despite the continuing decline indomestic demand, Hainan Airlines iscontinuing to expand and now is preparingto launch a new airline expected to bebased in Hangzhou.Hainan parent HNA Group signeda cooperation agreement recently withQian Tang Aviation Group creating ajoint venture called Qian Tang Air, whichis expected to capitalise on the economicgrowth occurring in Zhejiang Province. Itwill operate three leased A320s initiallywith plans to be operating a combined 30A320s and A330s within three … [Read more...] about China: Hainan Air expands despite decline
air freight
China: Air China to move Israeli cargo
Air China Cargo has plans to transportIsraeli cargo throughout the Far East,Australia and New Zealand through thegroup's central hub in China. Accordingto statement issued by Krief Groupchairman, Reuven Krief, Air China CargoCompany Ltd is expected to commenceservice to Israel from mid-2009. He addedthat since Air China has permission tofly over Arab countries the distances, aswell as the transit time will be reduced.The shorter transit time will translateitself into lower and highly … [Read more...] about China: Air China to move Israeli cargo
China: China overtakes US as Japan’s No.1
China overtook the US as Japan's largestexport market for the first time in July,the Financial Times reported. Japan's exportsto China rose 16.8 per cent year-onyear- the highest level since Tokyo begantracking the statistic - while shipments tothe US fell 11.5 per cent, a report fromJapan's Finance Ministry said. Overall,Japanese exports climbed 8.1 per cent inthe month. As the US economic slowdownintensifies, Japanese companies, includingchina Honda and Komatsu, increasingly look toChina for … [Read more...] about China: China overtakes US as Japan’s No.1
China: Chinese carriers struggle with fuel costs
Chinese airline giants Air China andChina Eastern Airlines recently reportednet profits of CNY1.28 billion (US$186.94million) and CNY42 million (US$6.13million), respectively, for the first halfof 2008. Net profit of Air China and ChinaEastern Airlines in the first half dropped1.4 per cent and 28.5 per cent year-onyear,respectively. Both Air China andChina Eastern obtained exchange gainsof CNY1.9 billion in the period, whichmeans the two airlines incurred operatinglosses in the first … [Read more...] about China: Chinese carriers struggle with fuel costs
DHL
The US Department of Transportationsays it will not block express carrier DHLin its attempt to hire United Parcel Serviceto handle its domestic air cargo and alsoto dump incumbents ABX Air and AstarAir Cargo. … [Read more...] about DHL
Association of Asia Pacifi c Airlines
Member airlines of the Association ofAsia Pacific Airlines (AAPA) saw averagecargo load factor up at 66.6 per centas a result of a 5.9 per cent reduction onflown capacity. However, the membersalso reported a drop in international aircargo traffic of 5.5 per cent in July. … [Read more...] about Association of Asia Pacifi c Airlines
