China’s civil aviation registered on-time flight rate of 68% in 2014, down from 72% in the previous year.
Grand China Air has purchased 595 million shares of Hainan Airlines for RMB1.898 billion from Hainan Development Holdings.
Riding on the success of its IPO, Spring Airlines is setting up an aircraft charter company to enter the aviation finance sector and boostingi Japan service.
Hong Kong Airlines’s IPO plans may be delayed as the carrier is discussing the possibility of a private offering for strategic investors.
The establishment of Jiangxi Airlines with RMB2 billion registered capital has been approved by the CAAC East China administrative bureau.
Spring Airline's five new routes will connect Shanghai with Asahikawa Hokkaido, and Chengdu, Zhengzhou, Xian and Jinjiang with Osaka.
While first-time flyers comprised 40% of domestic traveler and 60%on international flights in 2014.
Dubbed the “fourth largest aviation hub”， Chengdu boasts the fifth largest airport in China with 37.5 million passengers throughput in 2014.
