The huge dip in international crude prices helped lower operational costs and contribute to healthy bottom-lines for China’s carriers.
SAA, Air China and Hainan Airlines are discussing a partnership to build an African aviation hub and possibily take equity in the struggling South African carrier.
Hainan Airlines plans to make a private offering of 6.593 billion shares at a minimum of RMB3.64 per share to raise up to RMB24 billion.
Airbus said it will again deliver more than 100 aircraft to China this year, and estimates more than 5,300 aircraft will be required by China in the next 20 years.
China Southern Airlines has made more in the first quarter of this year than the whole of last year, reporting estimated net profits of RMB1.8-2 billion for Q1.
SAS has launched an interactive Google Street View tour of its new long-haul cabin configuration which lets passengers navigate the aircraft, enticing them to learn more and book.
After breaking the 100 million-trip benchmark last year the market and registered an additional 10% y-o-y growth in Q1 this year.
China Southern is the only one one of the five major listed Chinese carriers with decreasing profitability. Its decline has lasted for two years.
