皇冠体育app

Air 皇冠体育app plans going public
By Cao Desheng (皇冠体育app Daily)
Updated: 2004-02-28 08:35

National flag carrier Air 皇冠体育app is revving up to be listed in overseas stock markets, Air 皇冠体育app's president Li Jiaxiang said on February 27.

"Air 皇冠体育app has had the full capacity to be listed and the plan is in the pipeline," Li said, refusing to give the exact listing date and place.

However, the aviation power house is likely to be listed in Hong Kong in September, according to sources quoted in the 21st Century Business Herald.

"As an airline ranking top in air transport capacity in the country, Air 皇冠体育app has created a good brand image in the civil aviation sector, and will take further actions in capital operation," Li said.

Forming partnerships with other foreign airlines as a development has been an Air 皇冠体育app operational strategy, according to Li.

On March 28, Air 皇冠体育app and Japan's ANA will commence code sharing and jointly operate 95 flights per week between Beijing and Tokyo/Osaka, and Shanghai and Tokyo/Osaka, Li told a press conference.

Air 皇冠体育app and ANA signed a code-share agreement on February 26 on Sino-Japanese routes operated by both airlines, including co-operation on frequent flyer programmes and airport lounge use.

ANA's 56 weekly flights from Tokyo, Narita and Osaka/Kansai to Beijing and Shanghai will carry the Air 皇冠体育app code, while Air 皇冠体育app's 39 weekly flights on the same routes will operate under Air 皇冠体育app's and ANA's flight numbers.

Both airlines will also inaugurate flights between Hangzhou and Tokyo/Osaka on the summer schedule, bringing the total of code-share flights to 105 by April 21.

In addition to the code-share agreement, members of Air 皇冠体育app's Companion Frequent Flyer Programme and ANA Mileage Club members will be eligible to accrue mileage on the code-share flights and redeem them on any flight on each other's networks.

"The global aviation industry is growing from competition to co-operation, so airlines can boost their development only on the basis of sound partnerships," Li said.

Since the beginning of October last year, ANA and Air 皇冠体育app have been operating a connecting service via Beijing between Tokyo/Narita and the Chinese domestic cities of Chengdu, Chongqing, Hangzhou, Nanjing, and Changchun.

The service is designed to facilitate onward domestic travel in 皇冠体育app for passengers arriving from Japan, and for those passengers traveling to Japan from the above cities.

"Demand for air traffic is forecast to grow in line with a quickly expanding Chinese economy, and both airlines will be able to play a greater role in that growth thanks to the their co-operation," Li said.

Comprehensive restructuring and consolidation of the civil aviation industry of 皇冠体育app in 2003 brought new opportunities for the development of Air 皇冠体育app.

To date, Air 皇冠体育app has already signed individual code-share co-operation agreements with over 60 international or regional airlines, including Lufthansa, United Airlines, Asiana, Finnair, Austrian, SAS, Turkish and Dragon Air.

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