- Clearing China Eastern Airlines for Takeoff[Jan. 23, 2008]
At first, the bidding war that erupted recently for a stake in China Eastern Airlines, China's third largest carrier by revenue, was hailed as an example of capitalism invading the country's tightly controlled airspace. China Eastern was entertaining an offer by Singapore Airlines to buy 24% of the company for US$920 million when a rival bidder, China National Aviation Corp. (CNAC), parent of flag carrier Air China, swooped in with a promise to beat that offer. In an uncharacteristic move, airline-industry regulators in Beijing said they would allow China Eastern's shareholders to settle the matter.
- China Eastern, AVIC I to Set Up Regional Airline JV[Feb. 04, 2008]
China Eastern Airlines has agreed to set up a regional airline joint venture with state-run aircraft maker China Aviation Industry Corp. I (AVIC I).
- Citigroup Rates China Eastern "Buy / High Risk" on Air China Tie-Up[Feb. 04, 2008]
Citigroup has rated the Hong Kong-listed China Eastern Airlines (CEA) at "buy/high risk", on the strong possibility of a tie-up with Air China.
- China Eastern Airlines Still Pursuing Partnership with Singapore Airlines[Jan. 24, 2008]
China Eastern Airlines is preparing for a shareholders' meeting at which partnership with Singapore Airlines will be discussed.
- China Eastern and AVIC I to Start New Carrier[Feb. 04, 2008]
China Eastern Airlines has entered into an agreement with state-run aircraft maker China Aviation Industry Corporation I (AVIC I) to establish a carrier.
- AVIC II Joins Shanghai Sikorsky[Jan. 31, 2008]
On January 31, AVIC II, through its subsidiaries Changhe Aircraft Industries Corporation and Shanghai Xinsheng Aviation Industry Investment and Development Company, announced it is joining Shanghai Sikorsky as a shareholder. Shanghai Sikorsky is a civil aerospace joint venture company whose other shareholders are Sikorsky Aircraft Corp. and Shanghai Little Eagle. Sikorsky Aircraft is a subsidiary of United Technologies Corp..
- Snapshots: Efforts Made to Ensure Air Travel in China Despite Snowy Weather[Feb. 01, 2008]
With heavy rain and snow snarling much of mainland China's eastern, central and southern regions for the past few weeks, which has been described as the heaviest in over a decade in many areas, air transport disruptions are becoming increasingly common in many cities as nearby airports are being forced to close due to poor weather conditions, low visibility and snow- or ice-covered runways.
- Air China Offers Free Ride to Outstanding Olympic Projects' Construction Workers[Feb. 01, 2008]
On January 27, 15 outstanding construction workers from China's Sichuan Province who have worked on various Beijing Olympic projects got a free flight from Beijing to Chengdu, the capital of Sichuan Province, for the upcoming Spring Festival - the most important annual festival in China and a time for family reunion.
- China to Spend US$62 Billion on Airports by 2020[Jan. 28, 2008]
China's Government has approved an ambitious development plan that should see around 450 billion yuan (US$62 billion) being spent by 2020 to build nearly 100 new airports and expand many others.
- Cathay Pacific Chief Expecting Turbulence in 2008 Air Travel[Feb. 04, 2008]
After flying high in 2007, the aviation industry is heading for a downturn, according to Cathay Pacific's John Slosar, as the US approaches a recession and the rising price of oil hits profits.