Sichuan Airlines announced Sichuan Airlines Group Co Ltd was formally established on 02-Dec-2010 (AvBuyer, 03-Dec-2010). The group stated it will introduce new strategic investors at the appropriate time and is aiming to launch a domestic IPO in 2012. Former Sichuan Airlines Group President and Party Secretary Lan Guoxin has been reappointed Chairman and Legal Representative of the new group company while former Sichuan Provincial SASAC Deputy Director Wang Fengchao has been appointed Vice Chairman and General Manager and Sichuan Airlines Vice President Li Haiying has been reappointed as Part Secretary. Mr Lan will be responsible for the group’s strategic positioning, strategic planning, strategic management and strategic cooperation affairs while Mr Wang will be responsible for specific implementation and enforcements.
Sichuan Airlines Group formally established, targets domestic IPO in 2012
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As 2016 draws to a close, CAPA - Centre for Aviation reviews the past year for aviation in the Australia Pacific region and what lies ahead for 2017.
In an uncertain world, from the disruption of Brexit to the likely confrontationalist attitudes of a Trump administration, and instability in many parts of the world, from Russia to the Middle East to Asia, Australia and New Zealand's aviation sectors are mostly in rude health, with liberal policy settings and globally high service levels. Yet each of the main airlines in Australia and New Zealand still relies heavily on its domestic markets.
China has asserted its relevance in world aviation recently and over the past couple of years its airlines have rapidly expanded into the two south Pacific countries. With 2017 declared the ‘China Australia Year of Tourism’ by China’s tourism bureau, continued substantial activity can be expected in that market.
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Bangkok Airways to pursue expansion in China and Taiwan in 2017 with new routes and partnerships
Bangkok Airways is focusing expansion in 2017 on the greater China market, with three new destinations and three new airline codeshare partners. China point of sale now accounts for 8% of revenues for Bangkok Airways – up from approximately 4% in 2015, with further large gains expected in 2017.
Bangkok Airways resumed services to mainland China in mid-2016 after a seven-year hiatus with flights from Samui to Chengdu. In Jan-2017 Chengdu is being upgraded to daily, and a daily service from Samui to Guangzhou will be launched. Samui-Chongqing is planned for later in 2017, giving Bangkok Airways three destinations in mainland China and four when Hong Kong is included.
Bangkok Airways is also planning to launch services from Samui to Taipei by the end of 2017. It already has codeshares with both of Taiwan’s main airlines – which will likely be expanded – and with Hong Kong’s Cathay Pacific, but its relationships with mainland Chinese airlines are now limited to interlines.