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News on the Aviation Industry in China

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Collateral damage

Chinese ire over jet engine firm’s nationalisation
Nov 18, 2022 (WiC 608)

The UK government has frozen more than £18 billion ($21 billion) of assets belonging to 1,271 Russians since Vladimir Putin’s invasion of Ukraine, according to the latest review from the Office of Financial Sanctions Implementation, which was ...

Turbulent times

After a dismal period for China’s airlines could the worst be over?
Sep 9, 2022 (WiC 599)

It doesn’t happen very often: a major company announces a multibillion share sale only to report net losses a month later that exceed the fundraising in size. Investors who took part in Air China’s Rmb15 billion ($2.15 billion) placement ...

Boeing irked by China’s massive Airbus order
Jul 8, 2022 (WiC 592)

The timing with which Chinese aviation bosses disclosed the purchase of 292 Airbus aircraft on July 1 was surprising. Massive orders like these are typically announced after aerospace trade shows or as part of high-profile diplomatic visits. A ...

Holiday traffic plummets

Covid-hit Chinese airlines turn to livestreaming as flight sales dwindle
May 13, 2022 (WiC 584)

Willie Walsh, the director general of the International Air Transport Association (IATA), told an industry forum in Saudi Arabia this week that the airline sector could return to pre-pandemic levels in 2023, a year earlier than previous ...

A crash in Wuzhou

Deadly disaster mires China Eastern and Boeing
Mar 25, 2022 (WiC 578)

China suffered its worst air disaster in 12 years on Monday when a passenger jet crashed into a mountain in the south of the country. All 132 people on board were killed when the tragedy occurred in Wuzhou in Guangxi province. The China ...

Cleared for take-off

Greater Bay Airlines gets green light to take flight from Covid-hit Hong Kong
Mar 4, 2022 (WiC 575)

The launch plan for Greater Bay Airlines has often seemed counter-intuitive at a time when Hong Kong’s flag carrier Cathay Pacific has been battling the worst commercial conditions in its history. Cathay continues to be crushed by quarantine ...

Flights delayed

Chengdu’s new airport must wait to go global
Jul 2, 2021 (WiC 547)

Airport terminals can have short shelf lives, despite their weighty construction costs. Blame the new fleets of larger planes, perhaps, which demand a new scale of handling. Stiffer security requirements since 9-11 have also swallowed up space ...

HNA Group flies into a turbulent financial reality
Feb 5, 2021 (WiC 527)

“For over a hundred years, when did the Chinese have the power to decide anything?” Chen Feng asked an audience at Harvard five years ago (see WiC346). “Now, finally, I have the opportunity to decide.” As the founder of HNA Group, Chen ...

Carrying the load

China’s cargo carriers eye freight rate profits
Nov 20, 2020 (WiC 519)

In more typical times Cathay Pacific’s cargo numbers for October would be chastening. A drop of nearly 38% in tonnage terms versus the same period last year is pretty catastrophic, in fact. But perhaps the Hong Kong carrier could be forgiven ...

Flying into the storm

New Hong Kong airline launch looks contrarian
Oct 30, 2020 (WiC 516)

Is it madness or a masterstroke? Aviation insiders hold different views on the plan for Greater Bay Airlines to become Hong Kong’s newest carrier next year. In one camp: those who see any attempt at starting an airline amid the worst ...

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