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Found 6 results

  1. March 10, 2020 Hong Kong Airlines is reportedly in talks with parties including Air China for a strategic lifeline and to commence due diligence on the carrier (South China Morning Post, 09-Mar-2020). A consortium led by Citic Group and Wuxi Communications Industry Group broke down due to a disagreement on pricing. https://blueswandaily.com/air-china-among-those-in-talks-to-acquire-hong-kong-airlines/
  2. Hong Kong's top airline scrambles to cope with damage from protests TAKASHI KAWAKAMI, Nikkei staff writer JANUARY 16, 2020 01:45 JST Cathay Pacific Airways has suffered from double-digit declines in Hong Kong airport traffic due to anti-government protests. © Reuters GUANGZHOU -- Hong Kong's largest airline, Cathay Pacific Airways, has offered staff up to one month of unpaid leave amid plunging passenger traffic due to the city's anti-government protests. The airline is encouraging some of its own employees as well as pilots at subsidiary carrier Cathay Dragon to take the offer, according to reporting by the South China Morning Post. Although the leave is voluntary, the proposal could extend to staff in additional segments. Cathay Pacific reportedly is not planning job cuts at this time. The monthslong demonstrations have discouraged air travel to Hong Kong. The number of passengers going through Hong Kong International Airport in November shrank 16% from a year earlier to roughly 5 million, official data shows, marking the fourth consecutive month of double-digit attrition. Cathay Pacific has grounded some international air service during the winter season from the end of October to the end of March, and plans to cut carrying capacity by 1.4% this year. Rival Hong Kong Airlines will suspend service to Vancouver, Canada, along with two other routes. The prolonged protests threaten to exacerbate the depressed business climate for the city's airline industry. https://asia.nikkei.com/Business/Transportation/Cathay-Pacific-offers-1-month-unpaid-leave-to-staff
  3. Air China to launch service to Bogota in 2020: report August 5, 2019 Air China reportedly plans to launch service to Bogota from Shanghai or Beijing in 2020 (Reportur, 04-Aug-2019). Colombia Aerocivil DG Juan Carlos Salazar confirmed President Ivan Duque held discussions with the Chinese government and private companies on establishing direct Colombia–China connectivity, with the aim of launching services next year. https://blueswandaily.com/air-china-to-launch-service-to-bogota-in-2020-report/
  4. https://blueswandaily.com/cathay-pacific-confirms-active-discussions-over-stakes-in-hong-kong-airlines-hk-express/ March 5, 2019 Cathay Pacific announced (05-Mar-2019) it is in “active discussions” about acquiring stakes in Hong Kong Airlines and HK Express from HNA Group, but added that no agreement for the acquisition has been entered into and there can be no certainty that any agreement will be entered into. ________________________ A Cathay Pacific, nos últimos anos, vem enfrentando resultados financeiros pífios, em parte pelo hedge do combustível e pela concorrência com HX em dois mercados cativos da CX: China continental (onde opera com a Cathay Dragon) e o Transpacífico para YVR, LAX e SFO. Uma eventual compra das empresas é para recuperar este mercado e, se ela perder, corre o risco de algum player importante (SIA?) entrar em solo sagrado da CX.
  5. July 16, 2019 Embraer Commercial Aviation CEO John Slattery, via the company’s official blog, noted (15-Jul-2019) “all eyes are on China” as the market is “expected to lead the nearly doubling of world air travel demand over the next 20 years”. The country’s fleet “should increase steadily with a forecast 6% annual RPK growth” and these new aircraft “will be flying to another 200-plus airports the CAAC intends to build by 2035, almost twice as many as there are now”. China is the second largest single country market for the Embraer E-Jet regional aircraft family, after the US. https://blueswandaily.com/embraer-ceo-all-eyes-are-on-china-which-will-lead-air-travel-demand-in-next-20-years/
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