Printer Friendly

Company Watch - China Southern Airlines.

Aug 20, 2007

China Southern Airlines flew 7.7 billion RPKs in July, up 14.7% from the year-ago month. Capacity climbed 13% to 10.05 billion ASKs, lifting load factor 1.1 points to 76.6%. Aug 17, 2007

China Southern Airlines reached a deal with majority investor China Southern Air Holding Co., a state enterprise owning 50.3% of the carrier, to purchase the entire equity interest in China Southern Airlines Group Air Catering Co., the assets of Guangzhou BiHuaYuan Training Centre and the assets of Hong Kong-based Nan Lung Travel & Express (including its 51% stake in Nan Lung International Freight) for a combined CNY269.5 million ($35.5 million). In turn, CSAHC will purchase CZ's 90% stake in the Guangzhou Aviation Hotel for CNY74.7 million. Aug 17, 2007

China Southern To Buy Catering Assets. China Southern Airlines said it would buy in-flight catering services, training facilities in Guangzhou, and the airline and air cargo agency service from its controlling shareholder for CNY269.51 million yuan (USD$35.53 million) in cash. The airline said in a statement late on Tuesday it would also sell all of its 90 percent stake in Guangzhou Aviation Hotel to the controlling shareholder, China Southern Air Holding, for CNY74.72 million yuan. China Southern Airlines said the deals aimed to optimize its assets structure and help tighten cost controls. Aug 15, 2007

Editorial eMail: For Air Transport & Travel Business Experts contact our Director of Content Aram Gesar eMail:

For more global news, reviews, features and analysis, please subscribe to our Newsletters:

To Advertise:

AirGuideFlightTracker is a new service that keeps travelers informed on flight and airport status via the Web. For more go to

Copyright [c] 2007 Pyramid Media Group / Air Travel Media. All rights reserved.
COPYRIGHT 2007 Pyramid Media Group, Inc
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2007, Gale Group. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:Airguide Online
Date:Aug 20, 2007
Previous Article:Company Watch - Cathay Pacific Airways.
Next Article:Company Watch - El Al Israel Airlines.

Related Articles
Airline News - Latin America / Caribbean.
Travel & Travel Technology News.
Company Watch - Airbus.
Company Watch - Air Canada.
Company Watch - Air India.
Company Watch - Ethiopian Airlines.
Company Watch - EasyJet.
Airline Finance News - Africa / Middle East.
Airline Finance News - Asia / Pacific.
Bearskin Airlines -- making tracks across the north.

Terms of use | Privacy policy | Copyright © 2022 Farlex, Inc. | Feedback | For webmasters |