China Eastern spends USD10b on aircraft

May 3, 2016 by  
Filed under Asia, China PRC, News

BEIJING, 3 May 2016: One of China’s top airlines will split USD10 billion of new orders between European manufacturer Airbus and US-based Boeing, it said, as competition heats up for aviation market share in the world’s second-largest economy.

China Eastern Airlines said in a statement to the Hong Kong stock exchange that the lion’s share of the orders, nearly USD6 billion, will go to Airbus for 20 A350 aircraft.

It will also spend close to USD4 billion on 15 Boeing 787-9 Dreamliners. Read more

China travel accelerates

April 12, 2016 by  
Filed under China PRC, News

BANGKOK, 12 April 2016: About half all Chinese travellers took free-and- easy trips during the Chinese New Year holiday, last February, while the remainder travelled in tour groups according to a China Internet Watch market review.

Many overseas trips started as early as 31 January with the longest trip lasting 19 days and the shortest around three days.

During 2015 transaction values of all Chinese travel agencies was estimated at 365.29 billion yuan (USD55.88 billion) and online bookings reached about 73.55 billion yuan (USD11.25 billion) according to Read more