Company Overview and News

 
Airline Groups Maneuver As Opening Of Beijing’s New Airport Approaches

2018-09-18 aviationweek
Air China, though content to stay at Beijing Capital International Airport, still wants a piece of the action at the Daxing facility that is scheduled to open next year. China Eastern Airlines, ordered to move to Daxing, hopes to keep its lucrative services at Capital. But China Southern Airlines plans to double down on Daxing. Construction of Beijing Daxing International Airport, as the facility was named on Sept.
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China Southern Airlines plans to grow fleet to 2,000 planes by 2035 - CEO

2018-09-17 reuters
SHANGHAI, Sept 17 (Reuters) - China Southern Airlines plans to more than double the size of its fleet to 2,000 aircraft by 2035 and is exploring ways to cooperate with low-cost carriers, its chief executive said at a conference on Monday.
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Italy to offer Silk Road Fund compensation if Autostrade nationalised

2018-09-11 malaymail
ROME, Sept 11 — The Italian government has told Autostrade’s Chinese shareholder it would offer compensation should it decide to strip the toll-road operator of its motorway concession after last month’s deadly bridge collapse in Genoa.
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Air China’s Beijing Airlines ‘Likely’ To Be Low-Cost Carrier

2018-09-11 aviationweek
BEIJING—Air China business aviation subsidiary Beijing Airlines will apply the low-cost model after its imminent conversion to scheduled commercial air transportation, industry sources said. A spokesperson for Air China declined to say what mode of operations would be applied by Beijing Airlines, but three industry sources said it would be the low-cost model. Subsidiaries of Chinese full-service airlines often use the low-cost model without advertising themselves as such, since .
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Italy to offer Silk Road Fund compensation if Autostrade nationalised

2018-09-11 reuters
ROME, Sept 11 (Reuters) - The Italian government has told Autostrade’s Chinese shareholder it would offer compensation should it decide to strip the toll-road operator of its motorway concession after last month’s deadly bridge collapse in Genoa.
0753 AICAF AIRC CHEAF AIRYY CEA 0670

 
SriLankan Catering posts 3.9 billion rupees net profit in 2017/18

2018-09-10 lankabusinessonline
SriLankan Catering Ltd. has recorded a steady financial performance for the financial year ended 31st March 2018 with a 26% year-on-year growth in operating profits from Rs. 3.03 billion to Rs. 3.81 billion.
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Air China To Sell Its 51% Stake In Air China Cargo

2018-09-04 aviationweek
SYDNEY—Air China plans to sell its 51% direct shareholding in Air China Cargo, citing intense competition in the airfreight industry. The buyer is Air China’s parent, the government’s China National Aviation Capital Holding Co. Ltd., which will pay CNY2.4 billion ($350 million) for the stake, Air China said in a stock exchange announcement. The precise timing of the transaction was not stated. A subsidiary of Hong Kong’s Cathay Pacific Airways owns 25% of Air China .
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What Boeing Has to Explain at Wednesday’s Investor Day

2018-09-03 247wallst
For most of 2017, The Boeing Co. (NYSE: BA) had the best-performing stock among the 30 equities that comprise the Dow Jones Industrial Average Index. In 2018, the stock made a brief visit to the top but has dropped to eighth as of last Friday with a year-to-date gain of 16.2%. Not bad, but a steep drop compared with the 89% rise the aerospace giant posted in 2017.
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Inside MRO Contracts

2018-08-29 aviationweek
AJW Group was selected by Romania’s Just Us Air to provide Airbus A320 component support. AMECO Beijing started performing A350-900 line maintenance for Air China on Aug. 9. FL Technics won a contract from Comair, South Africa to provide Boeing 737 base maintenance. The first aircraft for LCC Kulula.com is now in the works. KLM UK Engineering has signed a long-term heavy maintenance agreement with Alliance Airlines for its Fokker 70 and 100 aircraft.
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China’s Hinterland Key For Crossover Jets

2018-08-27 aviationweek
The U.S. has 10 cities with populations of 1 million or more. China has more than 100 such cities or metropolitan areas. Then there are the ones of intermediate size, say 300,000-700,000 people.
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World stocks at highest in over two weeks, China’s yuan firms

2018-08-27 malaymail
LONDON, Aug 27 — World stock markets rose to their highest level in more than two weeks today as reassuring comments from the US Federal Reserve chief, an easing in trade war jitters and a bid by China’s central bank to stabilise the yuan lifted risk appetite.
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China stocks at highest in 2 weeks as c.bank seeks to stabilize yuan

2018-08-27 theedgemarkets
SHANGHAI (Aug 27): Shares in China ended at two-week highs on Monday, lifted by a stronger yuan after a tweak in the central bank's management of the currency boosted airline stocks and other firms with heavy dollar exposure.
ZNH 0753 AICAF AIRC AIRYY 1055

 
Asian shares rise after Powell speech, stronger yuan lifts China

2018-08-27 theedgemarkets
SHANGHAI (Aug 27): Asian shares rose on Monday, taking heart from comments by the Federal Reserve chairman that drove Wall Street to record highs on Friday, and as a tweak to the way China’s central bank manages its currency boosted the yuan and stocks.
ZNH 0753 AICAF AIRC AIRYY 1055

 
China stocks at highest in two weeks as central bank seeks to stabilise yuan

2018-08-27 malaymail
SHANGHAI, Aug 27 — Shares in China reached their highest levels in two weeks today, buoyed by a stronger yuan after the central bank moved to keep the currency market stable, boosting airline stocks and other firms with heavy dollar exposure.
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China stocks climb to 2-week high

2018-08-27 thehindubusinessline
The Shanghai Composite index was up 1.7 per cent to 2,776.08 in early afternoon trade. - Reuters
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