Hong Kong Express Airways to become budget airlineMay 1, 2013
In seeking a slice of the pie of Asia’s booming low-cost flights market, Hong Kong Express Airways Ltd wants to turn itself into a budget airline by Q3 of this year. Company President Yang Jianhong said that the firm will reveal plan details in May. Yang added that Hong Kong Express sees the potential for growth in budget carrier services, because the Asian market has been relatively untapped compared to the European and North American markets.
Hainan Airlines plans Beijing-Boston flightsDec 5, 2013
Hainan Airlines, the largest privately-owned airline company in China, announced plans to start serving direct flights between Beijing and Boston beginning June next year. The direct Beijing-Boston flights will start on June 20 and will be available four-times weekly – Wednesdays, Fridays and Saturday. Boston will become the fourth American city that Hainan flies to. The Chinese airline currently serves Toronto, Seattle, and Chicago. Last September, Hainan Airlines launched its inaugural flight to Chicago from Beijing through an Airbus 340.
Malaysia orders 30 light rail trains from ChinaDec 3, 2013
CSR Zhuzhou Electric Locomotive Co, a public transport vehicle manufacturer based in central China, has won the bid to build 30 light railway trains for Malaysia, the company has said. The trains, comprising 180 carriages, will be delivered 20 to 35 months after the deal is signed. Each will have a capacity of 1,300 people and be able to run at 80 kilometers per hour, said Li Jun, chief of technology for CSR. The price of the order has not yet been disclosed.
American Airlines to launch non-stop Dallas-China flights in 2014Oct 17, 2013
AMR Corp, the parent company of American Airlines, announced that it would open the first nonstop routes between Dallas and mainland China in 2014, but will have to end to service between New York and Tokyo due to government flight-schedule restrictions. AMR Corp added that it plans to begin nonstop services to both Shanghai and Hong Kong from its hub in the Dallas/Fort Worth International Airport by June of next year.
Spring Airlines to launch direct Shanghai-Kaohsiung routeOct 9, 2013
Shanghai-based Spring Airlines will soon become the very first budget carrier to operate a direct flight between Shanghai and the city of Kaohsiung in Taiwan. Spring Airlines made the announcement on 8 October, adding that it will run three flights a week between the two cities using an Airbus 320 starting 27 October.
China's Qoros tops European crash testSep 26, 2013
Qoros Auto Co of China gained the top score in a Euro NCAP crash test on 25 September, earning five stars for its Qoros Sedan 3. The Shanghai-based auto firm’s Development Chief, Roger Malkusson, said the NCAP score will help the auto company gain a prominent position in the Chinese car market as it starts marketing the Qoros Sedan 3. Qoros is a joint venture between Chery Automobile Co of China and investment-group Israel Corp.
Comac's delivery of first China jetliner delayedSep 25, 2013
State-owned Commercial Aircraft Corporation of China (Comac) has again postponed the delivery date of the first China commercial jet airliner, the Associated Press reported. The jet was originally promised to be delivered in 2007 but Comac Chairman Jin Zhuanglong said development issues have moved the delivery date to mid-2014. The country's first jetliner is part of China's attempt to challenge Boeing and Airbus. Jin said the program is still on track and that four prototypes have made 2,000 flights with 4,000 hours in the air.
Japan's Maruetsu eyes launching 20 stores in ChinaSep 20, 2013
Japanese supermarket operator Maruetsu Inc announced that its long term plan in the mainland would be to launch a total of 20 supermarkets by 2017. The company, which operates more than 200 supermarkets in Japan, will open its first Chinese outlet in Wuxi, in the eastern province of Jiangsu on 30 September. Maruetsu will operate in China through a JV with Suning Appliance Co. The first Maruetsu store in China will have a sales floor space of 2,016 sq m.
Baltic Exchange opens Shanghai officeSep 18, 2013
Maritime market-information provider the Baltic Exchange launched an office in Shanghai on 17 September. The London-based firm’s Shanghai office will improve the connections between China’s bulk carriers and ports around the world said Baltic Exchange CEO Jeremy Penn. He added that it will also provide a better way for China-based charters, ship owners, and shipbrokers to link up with the world’s maritime markets.
AirAsia to launch Kunming-Bangkok flightSep 11, 2013
Malaysian-based low cost carrier Air Asia announced on 10 September that it will launch its Kunming-Bangkok route on 15 November. The airline will use an Airbus A320 for the daily flight between Yunnan province and Thailand. The Malaysian low-coast carrier currently serves 14 Chinese cities including Beijing, Guangzhou, Hangzhou, and Tianjin. According to the airline a one-way ticket for the Kunming-Bangkok flight will cost just Rmb320 (USD51.9).
China to get more global sourcing in Q3Sep 11, 2013
According to the results of a survey conducted by the Shanghai International Sourcing Promotion Group, international buyers may source more products from mainland China in the current quarter. This is because global demand has continued its gradual recovery. The International Sourcing Confidence Index, a determinant of sentiment among international firms that source products in China, went up to 51.28 in Q3, from 50.40 in Q2. A rating over 50 implies optimism.
Spring Airlines hopes to launch Japan joint venture next yearSep 10, 2013
China’s Spring Airlines Co announced the launch of its budget-carrier joint venture in Japan for May next year - though it is still to acquire rights to fly from China to Tokyo. Should Spring Air, the largest budget carrier in China, successfully establish a low-cost venture in Japan, it plans to offer routes between smaller Japanese cities. Spring Air has been trying to acquire the rights to the Shanghai Tokyo route, which is currently controlled by China Eastern Airlines Corp.
China will need 5,580 new airplanes over next 20 yearsSep 6, 2013
US-based aerospace-and-defense firm, Boeing, announced on 5 September that it foresees a demand for some 5,580 new planes in the Chinese airline industry over the next two decades. Marketing Vice-President Randy Tinseth of Boeing Commercial Airplanes said that he believes China’s air traffic will increase almost 7% annually due to robust economic growth and improved access to air-travel.
Air Traffic Management bureau signs MOU with Airbus MOUSep 6, 2013
The Air Traffic Management Bureau of China and French-based Airbus SAS have signed a memorandum of understanding to coordinate their air-traffic management so as to lessen emissions and to try to alleviate China's flight-delay problems. The memorandum of understanding covers air transport, efficiency and capacity. Under its auspices, four projects will begin in 2013, the first of which will focus on air-traffic flow management.
Maiden flight on Beijing-Chicago routeSep 4, 2013
A Hainan Airlines Airbus 340 landed at Chicago’s O' Hare International Airport on 3 September to complete the first flight of the new Beijing-Chicago route. Hainan Airlines is the first airline to offer nonstop flights from the Chinese mainland to Chicago in Illinois. China’s Chicago Consul General Zhao Weiping said during the inaugural ceremony that the Beijing-Chicago route will mean more Americans going to China, and more tourists, businessmen, and students coming to the US Midwest.
COSCO to boost operations in Greek portSep 3, 2013
The China Ocean Shipping Co, the country’s biggest bulk-shipping firm, announced a multi-million Euro expansion plan at its container operations in the Piraeus port of Greece (OLP) – which will in effect facilitate the privatization process of the port where the Greek government will unload its 74% stake. COSCO signed a contract with the Greek government which allows COSCO not to pay any fees to OLP in exchange for its investment.
China Southern to add another Boeing 777 to its Urumqi-Tashkent routeSep 3, 2013
China Southern Airlines announced that will put in service another wide-body Boeing 777 on its route between the Xinjiang Uyghur Autonomous Region capital of Urumqi and the Uzbek capital of Tashkent due to an increased demand in outbound travel. The plane can accommodate 373 passengers and has 18 first-class seats. It will make its maiden flight on 12 September.
Air France launches A380 Paris-Shanghai routeSep 3, 2013
Air France celebrated on 2 September the maiden flight of its Airbus A380 from the French city of Paris to China’s Shanghai. According to an Air France statement, it will offer three flights per week from the Shanghai Pudong International Airport on the Airbus A380, thus becoming the first European air carrier to serve the Chinese financial hub with the super jumbo.
1.999 million cars recalled in China this yearAug 29, 2013
The General Administration of Quality Supervision, Inspection and Quarantine (AQSIQ) said a total of 1.999 million defective vehicles were recalled between 1January and 20 August this year. China's quality watchdog said a total of 82 recalls were made in China during this period, mostly due to engine flaws. AQSIQ spokesman Chen Xitong said joint-venture companies with foreign car makers made 18 recalls, covering 1.351m vehicles, while domestic brands made 21 recalls covering 277,000 vehicles. There were 43 recalls among imported vehicles.
Jaguar Land Rover to recall 12,000 cars in ChinaAug 14, 2013
Engine and oil leak concerns prompted Jaguar Land Rover (JLR) to recall 12,000 luxury Aurora and Freelancer 2 marques in China. According to China's General Administration of Quality Supervision, Inspection and Quarantine, the recall covers 8,656 Range Rover Auroras and Land Rover Freelancer 2 models manufactured between January 2012 and June 2013. JLR will also recall 3,196 Jaguar XF models built between July 2012 and May 2013 and XJS models manufactured between March 2012 and May 2013.
China suspends release of Purchasing Managers Index dataJul 5, 2013
Experts will now find it harder to scrutinize data on a range of industries after China announced it was suspending the release of PMI data. According to the China Federation of Logistics & Purchasing, the decision was taken because of the limited time available to analyse samples in the monthly survey of manufacturing purchasing managers.
CCECC starts laying tracks in Nigeria railway projectJul 5, 2013
On Thursday, the China Civil Engineering Construction Corporation began laying tracks in Nigeria for the Abuja to Kaduna railway modernization-project, part of the Nigerian government’s programme to revitalise and reactivate the country’s railway system. Nigerian President Goodluck Jonathan, who has proposed a state visit to China in the second week of July, is expected to discuss the sourcing of potential loans with the Chinese government to ensure completion of the project.
Faurecia opens new tech hub and headquarters in ShanghaiJul 5, 2013
Yesterday, French-based Faurecia, the world’s sixth largest automotive-parts manufacturer, opened their new technology centre and China headquarters in Shanghai. Faurecia Chairman and CEO Yann Delabriere said they expect China's automotive industry to continue to grow at 10% annually for the next five years, adding that Faurecia expects to double its revenue from China by 2016.
State Council approves Shanghai free-trade zoneJul 4, 2013
The State Council has formally endorsed Shanghai’s plan to open the mainland's first free-trade zone. The project will occupy 28 sq km, centering on the Yangshan Deep Water Port, and will take more than 10 years to build. When completed, the free trade zone will provide world-class transport and communications facilities and a tax-free environment for domestic and foreign enterprises.
US-based Schlumberger opens lab in ChinaJul 3, 2013
Schlumberger Ltd, the world's largest oilfield services company, announced the opening of a reservoir laboratory in Sichuan in a move to aid expanding activity in shale gas development. The US oil services firm's new reservoir laboratory is set to offer petrophysical and geomechanical services that will improve hydrocarbon recovery and maximize production for customers in shale development. The laboratory is situated near the company's facilities in Gaoxin and Shuangliu districts in Sichuan province.