Posts tagged ‘Boeing’

16/06/2016

India Makes It Easier for Local Airlines to Fly Overseas – India Real Time – WSJ

India’s federal government on Wednesday relaxed the criteria for domestic airlines to fly overseas as part of a new civil-aviation policy aimed at driving growth in the sector.

Local carriers will no longer be restricted by the number of years they have operated domestically to fly abroad, Civil Aviation Minister Ashok Gajapathi Raju said.

Until now, they were required to complete five years of domestic service and have at least 20 planes in operation before being permitted to fly overseas. The government scrapped the time requirement but carriers must still reach the same criterion for planes or deploy 20% of their fleet on domestic routes.

Newer carriers such AirAsia India Pvt.—the local joint venture of Malaysia-based AirAsia Bhd.—and Vistara—the Indian airline venture of Singapore Airlines Ltd., have been pushing for a relaxation of the rules.

The new National Civil Aviation Policy was welcomed by Amar Abrol, CEO of AirAsia India, which started operating in India in June 2014. “The NCAP gives us clear direction to ramp up our operations in India and grow our business in the domestic segment before we scale our operations to fly international,” he said in a statement.

Both AirAsia and Vistara will need to increase their fleets significantly to qualify for starting international flights. AirAsia now has six planes and Vistara has 11.

Source: India Makes It Easier for Local Airlines to Fly Overseas – India Real Time – WSJ

24/11/2015

The elephants fight back | The Economist

FOR anybody who fears that China’s interest in elephants’ tusks could spell doom for the great beasts, there have been two pieces of good news.


On September 25th Xi Jinping, the Chinese president, joined Barack Obama in pledging “significant and timely steps” to halt commercial trade in ivory. Then on October 15th China announced a one-year ban on the import of ivory hunting trophies from Africa, closing a big loophole. Wildlife activists are delighted. These moves should have “a profound effect” on elephant numbers, says Peter Knights of WildAid, a charity.

The world’s elephant population has dived from 1.2m in 1980 to under 500,000 today. In 1989 the sale of ivory was banned worldwide. But in 1999 and again in 2008, the Convention on International Trade in Endangered Species (CITES), a conservation pact, allowed the sale of stockpiles of ivory from southern Africa to China. The countries vowed to use the proceeds for conservation; China claimed it had a robust registration system that would keep illegal ivory out. But conservationists rightly predicted the concession would fuel more smuggling and so more killing.

Permitted sales became a cover for illegal ones. In 2010-12 about 100,000 elephants were slain for their tusks. In the past five years, Mozambique and Tanzania have lost half their elephants to poaching.

This dire trend reflects China’s deeper engagement with Africa, combined with corruption and the presence of criminal gangs. But it seems that Chinese leaders have seen the trade’s effects on their reputation, says Dominic Dyer of the Born Free Foundation, a charity. They should now close the legal carving workshops and ban the domestic trade, too, he adds.

Despite strong demand for ivory among China’s rising middle class, attitudes may gradually be changing. As of 2012, nearly half of Chinese people saw elephant poaching as a problem, according to a survey by WildAid. The figure has been boosted by the support of celebrities. Yao Ming, a basketball player, and Jackie Chan, an actor, appear on posters everywhere with the message: “When the buying stops, the killing can too.” The government has donated $200m worth of media space every year since 2008.

Opinion on ivory has shifted fast, says Mr Knights, partly because of the success of another campaign, to protect sharks. In the markets of Guangzhou, the global centre for the trade, dried shark fins have fallen from 3,000 yuan ($470) per kilo five years ago to 1,000 yuan today, as Chinese people abjure shark-fin soup, a delicacy.

WildAid raised its voice over that issue, too, but more important was the Communist Party’s ban in 2013 of shark-fin soup at official banquets, part of a drive against corruption and excess. The Hong Kong government followed, as did airlines and hotels. A survey in 2013 found 85% of people said they had stopped eating shark-fin soup in the past three years.

One scourge is untouched by all this: the illegal trade in rhinoceros horn. More than 1,200 rhinos were killed for their horns in 2014 in South Africa alone, up from just 13 killed in 2007. This partly reflects a huge rise in demand in Vietnam, but China is also a consumer. Ground rhino horn is believed to cure fever and improve sexual performance. One kilo can cost up to $70,000.

Ominously, some African nations now want a one-off sale of rhino-horn stocks, as happened twice with ivory. To secure this, South Africa must win two-thirds of the member states at the next CITES conference, which it hosts next year. Mr Dyer hopes other countries, including China, will dissuade the Africans. “We are in exactly the same place we were with ivory nearly ten years ago,” he frets.

Source: The elephants fight back | The Economist

07/11/2015

China-Taiwan Summit a Success for Singapore – China Real Time Report – WSJ

The choice of Singapore as the venue for Saturday’s historic meeting between the Chinese and Taiwanese presidents is a diplomatic coup for the famously neutral city-state.

The meeting is the first between China’s President Xi Jinping and Taiwan’s President Ma Ying-jeou, and the first time leaders from both sides have met since Taiwan and China split in 1949.

The decision to hold the summit in Singapore shows it maintains its reputation as a rare neutral ground in a region where tensions are rising, even after the death in March of the city-state’s widely-respected former leader, Lee Kuan Yew.

Mr. Ma said this week the summit is the product of years of diplomacy between the two sides, and that Singapore was chosen for its impartiality.

Singapore’s selection as host “further highlights Singapore’s role in international politics,” said Huang Jing, professor of U.S.-China relations and director of the Centre on Asia and Globalisation at the National University of Singapore. The meeting “gives Singapore a status that no other country except Singapore can match up to,” he said, adding that the city-state’s relations with both sides will likely improve as a result.

Mr. Lee, Singapore’s first and longest-serving prime minister, earned the admiration of many national leaders, such as Britain’s Margaret Thatcher and Ronald Reagan in the U.S., during his 31-year tenure in the top job. Many foreign leaders, including U.S. President Barack Obama, sought meetings with Mr. Lee to discuss international relations, both before and after he stepped down.

His son, Lee Hsien Loong, now heads a government that is keen to maintain Singapore’s regional relations. The younger Mr. Lee, although viewed as a competent and respected leader, has not inherited his father’s reputation for straight-talking, no-nonsense politics, and doesn’t yet have the leadership experience that drew his predecessor favor with other politicians in Asia.

Still, the younger Mr. Lee has worked to maintain diplomatic and economic relations with Singapore’s neighbors, sharing his father’s view that a small, multi-ethnic island surrounded by much larger countries is best served by fostering strong relationships, rather than by taking sides. It’s a position that is rare in a region brimming with diplomatic tension, as shown by current disputes such as the conflicting territorial claims in the South China Sea.

Singapore, which Chinese ethnic majority and large Indian and Malay populations, is frequently chosen as a diplomatic hub, hosting Asia-Pacific Economic Cooperation meetings and other summits. It is also the annual venue for the Shangri-La Dialogue, a high-profile international security conference.

The Shangri-La Hotel, close to the city’s central shopping district, was the venue of choice for Saturday’s meeting between Messrs. Xi and Ma. The National University of Singapore’s Mr. Huang said that allowed the Singapore government to maintain its policy on China-Taiwan relations by avoiding hosting the meeting in a government facility.

The city-state maintains a “one-China” policy on cross-strait issues, officially recognizing only Beijing as China’s capital. Lee Kuan Yew broke Singapore’s relations with Taiwan in 1990 to open them with China, although relations with both sides today are close. He also helped ease decades of tension between the two nations. In 1993, shortly after Mr. Lee stepped down from his post as prime minister to take an advisory role, Singapore hosted the first talks between representatives of China and Taiwan since the two sides clashed.

Source: China-Taiwan Summit a Success for Singapore – China Real Time Report – WSJ

04/11/2015

Prepare for Takeoff: China Rolls Out First Large Passenger Jet – China Real Time Report – WSJ

China’s first large passenger jet rolled off the assembly line on Monday after years of delays, bringing Beijing’s dream of developing a rival to Boeing Co. and Airbus Group SE closer to reality.

As WSJ’s Chun Han Wong reports: Still, the single-aisle C919 airliner won’t be delivered to airlines for at least another three years, highlighting the difficulties

China has faced in becoming a global player in aviation. Developed by the state-run Commercial Aircraft Corp. of China Ltd. (Comac), the twin-engine jet was initially set for its first flight in 2014, ahead of commercial deliveries starting in 2016. Production setbacks forced Comac to extend its deadlines repeatedly. Company executives say flight testing should start next year, with deliveries expected in 2018 or 2019 at the earliest.

Thousands of guests, including government officials and aerospace executives, witnessed the C919’s rollout at an assembly plant near Shanghai’s Pudong International Airport, according to Chinese state media.

Source: Prepare for Takeoff: China Rolls Out First Large Passenger Jet – China Real Time Report – WSJ

01/11/2015

China Abandons the One-Child Policy – China Real Time Report – WSJ

China on Thursday said it would formally end its notorious one-child policy, which was intended to curb a surging population but has since been blamed for looming demographic problems in the world’s No. 2 economy.

As WSJ’s Carlos Tejada reports: In a brief statement on Thursday, China’s official Xinhua News Agency said all Chinese would be allowed to have two children. It didn’t provide a time frame or any other details. China effectively hobbled the one-child policy two years ago, when it allowed couples to have two children if one parent came from a household without other siblings. It has also long allowed exceptions in some parts of the country. Advertisement

Still, Thursday’s move marked a symbolic shift as well as an acknowledgment that China now faces a looming worker-shortage in coming decades. China’s fertility rate, or the number of births per woman, was below the replacement level at 1.17 in 2013, according to the most recent data from the World Bank. Demographers have been urging Beijing to do more to thwart a predicted labor shortage, arguing that they should lift birth restrictions entirely. Read the full story on WSJ.com. Sign up for CRT’s daily newsletter to get the latest headlines by email.

Source: China Abandons the One-Child Policy – China Real Time Report – WSJ

21/10/2015

Powering Down: Chinese Electricity Demand Stalls Amid Slowing Growth – China Real Time Report – WSJ

A slowing economy means keeping the lights on in China is getting a whole lot easier.

The China Electricity Council, a state-backed industry group, is trimming its estimate of just how much power the country needs, after weak third-quarter economic data on Monday reinforced fears about a slowdown of China’s economy. The official Xinhua News Agency on Tuesday quoted Ouyang Changyu, deputy secretary general of the China Electricity Council, as saying the group had revised down its full-year electricity-demand estimate to 1% growth this year, from 2% previously. As recently as 2011, electricity demand had grown by 12% annually.

The revised estimate reflects both a slowdown in China’s overall growth rate—which is struggling to hit the government’s target of about 7% this year—as well as important changes in the type of growth China is experiencing. The government wants to make the country less reliant on the energy-intensive sectors that propelled growth for four decades and instead shift toward cleaner and higher-paying industries and companies, ranging from financial services to web-based startups. In the first nine months of 2015, electricity demand has grown by .8%, down from 3.9% growth in the same period last year.

Electricity demand that is falling far faster than the government’s GDP data is among the reasons economists and investors are skeptical over the accuracy of official growth figures. The government said Monday GDP rose 6.9% in the first quarter. Chinese Premier Li Keqiang said in 2007 – back when he was a more junior official — that he relied on electricity data among other hard figures to get a truer picture of the country’s economic health.

Beyond electricity, other reasons for skepticism over the data include the decline of both imports and exports during the third quarter, weaker-than-expected industrial production and decelerating fixed-asset investment.

The ramifications of China’s slowing demand for electricity are global, and could contribute to weaker bottom lines at big companies such as coal and natural gas producers. Hong Kong-listed coal giant China Shenhua Energy Co. said its coal sales had plummeted by nearly one-fifth this year. The company is exporting far more coal this year than it’s importing — a sharp turnabout from 2014, when it imported four times as much coal as it exported.

The decline in electricity demand growth could also further weigh on natural gas—a cleaner alternative to coal in electricity production—which has suffered from stagnant demand this year.

Source: Powering Down: Chinese Electricity Demand Stalls Amid Slowing Growth – China Real Time Report – WSJ

20/10/2015

Xi Jinping visit: UK royals and MPs to greet Chinese leader – BBC News

Members of the Royal Family and politicians are due to greet China’s President Xi Jinping as he begins his four-day state visit to the UK.

Supporters of ChinaMr Xi and his wife, Peng Liyuan, will take part in a procession along The Mall to Buckingham Palace, ahead of a state banquet held by the Queen later.

Foreign Secretary Philip Hammond said Britain was going into closer relations with China with its “eyes wide open”.

He denied allegations the UK was acting like “a panting puppy” towards Beijing.

Ministers expect more than £30bn of trade and investment deals to be struck during the visit, which will also include talks between Mr Xi and Prime Minister David Cameron.

On Tuesday, Mr Xi will: Receive a ceremonial welcome from the Queen and Duke Of Edinburgh Take part in a state carriage procession to Buckingham Palace Address MPs and Lords at the Palace of Westminster Meet Prince Charles and the Duchess of Cornwall as well as the Duke of Cambridge Hold talks with Mr Cameron and Labour’s Jeremy Corbyn Attend a state banquet

Source: Xi Jinping visit: UK royals and MPs to greet Chinese leader – BBC News

29/09/2015

Boeing to sell 300 jets to China firms, set up China plant: Xinhua | Reuters

Boeing Co has signed deals to sell 300 aircraft to three Chinese firms and set up an aircraft plant in China, becoming the first U.S. firm to clinch a business tie-up in the country since Chinese president Xi Jinping began a U.S. state visit, the official Xinhua news agency said.

Photo

The aircraft deals, potentially worth tens of billions of dollars in total, are collectively the largest order the aerospace firm has received from Chinese companies.

China’s ICBC Financial Leasing Co, a unit of the Industrial and Commercial Bank of China, on Wednesday separately confirmed it will buy 30 of Boeing’s 737-800 jets, worth $2.88 billion at list prices.

China Aviation Supplies Holding Company and China Development Bank Leasing are the other two customers for the aircraft, said Xinhua.

Boeing, which is locked in a fierce battle for plane orders with European rival Airbus, will build its first aircraft completion plant outside the United States in China in order to gain a foothold in that important market, say industry observers. Boeing raised its forecast for China’s aircraft demand by 5 percent in August, saying that the country will need 6,330 planes over the next 20 years.

It signed a cooperation document with Commercial Aircraft Corporation of China (Comac) to build the aircraft completion center for its 737 passenger jet in China, added Xinhua. The agency didn’t disclose further details.

An aircraft’s interiors and some systems are usually installed, and the plane is painted in the customer’s livery, at completion centers. The final flight trials are then completed before the aircraft is delivered to the customer.

Boeing executives and officials from the Chinese firms could not immediately be reached for comment. Xi, who arrived in Seattle on Tuesday, is set to visit Boeing on Wednesday.

The number of air passengers traveling to, from and within China is set to nearly triple by 2034 to some 1.3 billion, surpassing an expected 1.2 billion for the United States, according to official estimates.

State-owned airlines like Air China, China Eastern Airlines and China Southern Airlines, and privately-owned budget carrier Spring Airlines, are growing fast and adding new planes to meet this demand for both short and long haul air travel.

Boeing’s plans for an aircraft completion center comes after Airbus signed an agreement in July to set up its second Chinese plant.

Source: Boeing to sell 300 jets to China firms, set up China plant: Xinhua | Reuters

22/07/2015

Airbus China plant plans to deliver first A330 plane in 2018 | Reuters

Airbus’ (AIR.PA) China plant is expected to deliver its first A330 wide-body passenger jet in 2018, one of the European planemaker’s Chinese partners said on Wednesday.

A worker uses a drill to screw bolts into the wing of an A320 plane that is under construction at the Airbus factory located in the northern Chinese city of Tianjin September 14, 2010.  REUTERS/David Gray

Airbus earlier this month signed an agreement to establish an A330 ‘cabin completion center’ in the northeastern Chinese city of Tianjin, where the firm already has a final assembly plant for smaller A320 jets.

The agreement was signed with the Aviation Industry Corp of China [SASADY.UL] and the Tianjin Port Free Trade Zone. Airbus hopes the increased presence in China would lead to more demand for the profitable but ageing wide-body A330 jets.

In a statement posted on its website, the Tianjin Port Free Trade Zone, said it expects construction of the plant to be completed by the fourth quarter of 2017, with the first plane to be delivered to customers in early 2018.

The plant will help further China’s goal of building its own jets to cater to what is expected to become the world’s biggest air transport market. Currently it depends mostly on imported jets from Airbus and Boeing (BA.N).

Facilities for cabin decoration, painting, and flight testing of the A330 series would also be established in the next 10 years, the Tianjin Port Free Trade Zone said.

The agreement to build the A330 plant, which will be capable of fitting out 2 planes a month, came after China placed an order for 45 A330 aircraft worth at least $11 billion, together with provisional purchases of another 30 planes.

via Airbus China plant plans to deliver first A330 plane in 2018 | Reuters.

26/03/2015

Hainan Airlines to buy 30 Boeing 787-9 jets, worth $7.7 billion by list price | Reuters

Hainan Airlines Co Ltd (600221.SS), China’s fourth-largest carrier, said on Wednesday it plans to order 30 Boeing Co (BA.N) B787-9 jets as it seeks to expand international routes to tap into growing demand for overseas travel from China.

The Boeing logo is seen at their headquarters in Chicago, April 24, 2013.  REUTERS/Jim Young

The order would be the biggest this year for the jet, worth $7.7 billion (5 billion pounds) according to list prices. It would also boost the aircraft maker’s 787 programme backlog to 855 planes.

China’s airline passengers are increasingly looking beyond the mainland for travel opportunities. In 2014, Chinese travellers made more than 100 million trips overseas in a year for the first time, up sharply from 8.4 million in 1998, official data show.

Hainan Airlines added two long-haul routes to North America and Western Europe last year and plans major international expansion this year, Cai Zhiquan, a brand manager told Reuters. On Thursday. it reported net profit jumped 20 percent in 2014 to 2.59 billion yuan ($417 million).

“We’ll be flying from major hubs in China to second- or third-tier cities overseas,” said Cai. “At the same time, we’ll also open up more routes from inland Chinese cities to major hub cities elsewhere.”

via Hainan Airlines to buy 30 Boeing 787-9 jets, worth $7.7 billion by list price | Reuters.

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