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Shanghai Daily,上海日报

Transport


Airline’s H1 profit dives nearly 98%

China Eastern Airlines, one of the country’s leading carriers, has posted a 97.76 percent plunge in net profit in the first half of 2014 from the same period of last year....

September 1, 2014, Monday


Tianjin fair focuses on unmanned aerial vehicles

A CH-4 drone with wings spanning as long as 18 meters is displayed at the 2014 International Drone Fair in Tianjin yesterday. About 70 unmanned aerial vehicle (UAV) makers and research institutes attended the three-day exhibition with their UAV products, aiming to grab a share of the lucrative business. The fair ends tomorrow....

August 30, 2014, Saturday


Airline to lay off 6,000 workers

Malaysia Airlines will cut 6,000 workers as part of a US$1.9 billion overhaul announced yesterday to revive its damaged brand after being hit by double passenger jet disasters....

August 30, 2014, Saturday


Qantas posts US$2.6b biggest net loss

A Qantas Airways plane passes a Singapore Airlines aircraft at Sydney Airport. Qantas yesterday reported its biggest financial loss ever after taking a hefty A$2.6 billion writedown due to a company restructure that includes a revaluing of its fleet. Qantas, which formed an alliance with Emirates Airlines last year to trim losses on international routes, posted a statutory net loss of A$2.8 billion (US$2.6 billion) for the year to June 30, compared with a profit of A$2 million a year ago. ...

August 29, 2014, Friday


3 top airports work on ways to cut delays

Three of China’s high-volume airports are discussing ways to coordinate in order to cut down on delayed flights. Part of a regional development program, Beijing,...

August 28, 2014, Thursday


Air China shares rise despite poor first half

SHARES in Air China closed higher in Hong Kong yesterday even after the mainland’s flag carrier reported a 55 percent drop in first-half net profit. Based on international accounting standards, the company ...

August 28, 2014, Thursday


BOC Aviation soars with new deal

BOC Aviation, the leasing arm of the Bank of China, has placed the biggest order in its 20-year history for 80 Boeing medium-haul passenger planes, weeks after lessor SMBC Aviation ordered 115 Airbus ...

August 27, 2014, Wednesday


Premier Li reaches out to private sector for investments in railways

Chinese Premier Li Keqiang wants to see more private investors involved in railways, the central government’s website reported yesterday.Railways stabilize economic growth,...

August 25, 2014, Monday


UPS, FedEx get domestic express licenses

AFTER years of waiting, United Parcel Service Inc and FedEx Corp have received licenses in China to extend domestic express package services to Beijing and other cities without needing joint-venture partners. ...

August 15, 2014, Friday


CIC teams up with AVIC to bid for Avolon

CHINA’S US$653 billion sovereign wealth fund, China Investment Corp, is in talks to buy Dublin-based aircraft leasing firm Avolon for US$4 billion to US$5 billion including debt, according to people familiar ...

August 13, 2014, Wednesday




 

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