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News on the Aviation Industry in China

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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 ...

General Electric gets approval for engine sales to China’s Comac
Apr 17, 2020 (WiC 491)

Customers have called a halt on more than 300 orders for new aircraft so far this year, Boeing revealed this week, with 150 cancellations for its troubled 737 Max series in March alone. Airbus is wrestling with a similar crisis: half of the ...

Hard landing in Hainan

The Covid-19 crisis is pushing HNA Group towards a bigger bailout
Mar 5, 2020 (WiC 485)

The year 2019 brought positive headlines for the Chinese bond market. It marked the first-time sovereign bonds and policy bank debt were included in global indices. The international rating agencies were given licences to operate independently in ...

Taking a nosedive

Coronavirus hits Chinese airlines but HNA is suffering the most
Feb 21, 2020 (WiC 483)

Back in 2005, when China’s commercial airline industry was developing rapidly, planes were taking off faster than the country could train new pilots. To that end, Chinese carriers paid generous salaries to foreign pilots to keep their aircraft ...

Seoul searching

Why Chinese airlines are poaching Korean pilots
Nov 8, 2019 (WiC 473)

When Yang Liwei became China’s first astronaut in 2003 he was hailed as a national hero. But strangely he wouldn’t have been allowed to operate at the time as a commercial airline pilot. At 168cm in height he wasn’t tall enough for Chinese ...

Is Suzhou going to get its own airport too?
Oct 18, 2019 (WiC 470)

The summer months have been tumultuous ones for China’s airport kingdoms. In the south, passenger numbers have dropped sharply in Hong Kong as scenes of unrest led TV coverage of the city. Across the border Shenzhen and Guangzhou have picked up ...

Ready for take-off

How will a new airport reshape Beijing’s aviation landscape?
Oct 4, 2019 (WiC 469)

About 13 kilometres south of Tiananmen Square is Nanyuan (which means ‘south garden’ in Chinese). It was used as a military training ground by the emperors of the Qing Dynasty and in 1910 an aircraft shed was erected there as China’s ...

Aim for the sky

Geely eyes flying taxi market as local rival EHang begins tests in Shenzhen
Sep 20, 2019 (WiC 467)

When it comes to Geely’s love of all things German the sky has literally no limit. This week Li Shufu’s firm invested in flying-taxi start-up Volocopter – its second German purchase in as many years after acquiring a 9.7% stake in ...

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