Posts Tagged ‘ Air China ’

Air China to raise Cathay Pacific stake to 29.99 pct

August 18, 2009
Air China to raise Cathay Pacific stake to 29.99 pct

An Air China Ltd. plane is refueled in Dandong, China, on Wednesday, August 12 Air China, the world’s biggest carrier by market value, will invest US$813 million to raise its stake in Cathay Pacific Airways to 29.99 percent, expanding its foothold in Hong Kong after being shut out of Shanghai. The carrier will buy 491.9 [...]

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Cathay, Singapore Air get ‘silver lining’ from jet fuel’s surge

June 30, 2009

Cathay Pacific Airways Ltd., Air China Ltd. and Singapore Airlines Ltd. can take some solace from the 43 percent surge in the price of jet fuel this year – they’ll curb losses from their hedges. The rise in jet fuel price this year may help Hong Kong’s Cathay and Air China trim paper losses from [...]

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China’s private airlines succumb to competition they created

March 27, 2009
China’s private airlines succumb to competition they created

China Southern Airlines Co. passenger airplanes are parked at the Beijing Airport. China’s private airlines created competition for state-controlled carriers, just as the government wanted. Now, they are the ones suffering from it. United Eagle Airlines Co., the first private carrier to win government approval, agreed to a takeover by a state-controlled airline last week. [...]

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Feature

Vietnam, Cuba foreign ministries to bolster ties

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Vietnam’s top diplomat has affirmed that the Foreign Ministry will closely cooperate with its Cuban counterpart to implement the agreements reached by the two...