Cosco, China's leading container carrier, is consolidating its US operations as part of a major cost-saving exercise. The firm plans to shift customer service and documentation functions from its Cosco North America Inc headquarters in Secaucus, New Jersey to other centres, including Chicago and Houston. Up to a quarter of the company's 200 staff have […]
Category: Transport & Logistics
Haikou Meilan Airport is hoping to list in Hong Kong and to attract strategic foreign investors, according to South China Morning Post. Sources familiar with the listing plan told the newspaper in July that the airport management was meeting with several European and Asian airport management firms to discuss potential investment. The airport has revealed […]
China Southern has signed an agreement with the China State Postal Bureau to pay Yn150m for a 49 per cent stake in China Postal Airlines. China Postal is based in Shanghai and operates routes between Beijing, Chengdu, Guangzhou, Shenyang and Shenzhen. Part of the money will be used to buy passenger and cargo-transferable aircraft that […]
Airports in China will be encouraged to seek foreign investment and list on overseas stock exchanges, said a deputy director of the Civil Aviation Administration of China, Bao Peide. The move is part of the CAAC’s programme to sever its ties with the airports and turn them into financially independent operations run by regional governments, […]
Brazilian plane maker Embraer plans to build a factory in China, the company president confirmed in a newspaper interview reported by Associated Press. Reports from Brazil said that the world’s fourth largest commercial aircraft manufacturer would create a joint venture with the Aviation Industry of China in which Embraer would take a 51 per cent […]