CAAC is adopting a registration system for air routes, instead of the discretionary approval process that has fueled corruption among China’s aviation authorities.
China’s three major airlines have benefited from the drop in fuel prices and soaring demand to see 21-fold increase in net profits for the first half of the year.
Air China said the private offering will be to buy 15 Boeing B787 aircraft, upgrade its direct sales ecommerce operations, onboard Wi-Fi and cash reserves.
Joy Air and Okay Airways are planning to start joint operations of auxiliary regional air routes with the possibility of merging the routes under a new joint venture.
Spring Airlines will build a hotel at the Centrair Airport, Japan. The planned hotel will have 250-300 rooms and 14 floors and will open in 2016 or 2017.
The Chinese aviation sector's turnaround is attributed to lower fuel costs and explosive growth in international air routes.
Spring Airlines intends to use the funding to purchase 21 A320 aircraft and to outfit its aircraft with inflight internet capabilities.
Chinese arrivals to the US jumped 50% in the first half of this year spurred by the new visa rule, and 70% more visas are expected to be issued this year.
