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News on the Aviation Industry in China

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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 ...

Flight to safety

Hamstrung Cathay Pacific bailed out by the Hong Kong government
Jun 12, 2020 (WiC 499)

Hong Kong’s $5 billion government-led rescue of its local carrier Cathay Pacific is the deal that nobody wanted, but no one could refuse. On Tuesday the government said it would be stumping up most of the cash in an emergency bailout of the ...

Saving, not spending

Don’t count on ‘revenge spending’ to get the economy going again
May 8, 2020 (WiC 494)

The combination of a record-breaking day for French fashion house Hermès, news of Tesla’s best Chinese sales in the month of March, and reports of a mini-boom in multi-million-dollar property sales have spurred talk of a revival in consumer ...

Destination unknown

More flights in China, but only on domestic routes
May 8, 2020 (WiC 494)

Warren Buffett called time on the airline world last weekend after dumping his stakes in the four major carriers in the United States at a heavy loss. His warning is that the aviation sector may never be the same again. The veteran investor ...

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