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Express News | Zhang Guoqing: It is necessary to promote the "three concentrations" of state capital, encourage state-owned enterprises to further emphasize their main businesses and focus on the real economy, serving as long-term capital, patient capital, and strategic
Express News | The holiday arrangements for 2025 are here: both the Spring Festival and Labor Day have been extended by 1 day.
China Commercial Aircraft and Canada's CAE have reached a procurement agreement for the full-motion flight simulators for C919 and C909.
At the 15th China International Aviation & Aerospace Exhibition, China Commercial Aircraft Company reached an important procurement agreement with Canadian flight simulator manufacturer CAE, involving four C919s and four C909 full-flight simulators. The procured flight simulators will be used for various pilot training business such as initial training and type conversion training.
ARJ21 aircraft renamed as 'C909' debuts at China International Aviation & Aerospace Exhibition. Commercial Aircraft Corporation of China signs order for 130 aircraft.
China's big plane officials at the product launch event stated that with the steady progress of the large aircraft's scale and serialization, an increasing number of domestically-produced commercial aircraft are being put into operation, and they have decided to unify the aircraft product names in the form of "Commercial Aviation + model", with the addition of the commercial name C909 to the ARJ21, laying a solid foundation for shaping the brand. Currently, China Commercial Aviation's three commercial aircraft product names are "Commercial Aviation C909", "Commercial Aviation C919", and "Commercial Aviation C929". In addition, according to CCTV reports, on the first day of the expo, China Commercial Aviation signed orders for 60 C919 aircraft and 40 with Hainan Airlines Group.
HK Stocks Movement | Aviation/airlines industry stocks fell in the morning session, all three major airlines achieved quarterly profits, with Bank of America predicting an average net loss for airlines in the fourth quarter.
Aviation/airlines industry stocks fell in the early trading session, as of the time of publication, Meilan Airport (00357) fell by 7.46% to HKD 8.81; Air China Limited (00753) fell by 4.27% to HKD 4.48; China Southern Airlines (01055) fell by 3.37% to HKD 3.44; Eastern Airlines (00670) fell by 1.67% to HKD 2.35.
A change in auditors for China Eastern Airlines (00670.HK)
China East Air (00670.HK) announced that Deloitte Touche Tohmatsu Certified Public Accountants LLP (Special General Partnership) has been appointed as the domestic financial report auditor and internal control auditor for the company's 2024 fiscal year; Deloitte - Kwan Wong Chan & Co. has been appointed as the international financial report auditor for the company's 2024 fiscal year. In addition, PricewaterhouseCoopers Zhong Tian Certified Public Accountants LLP (Special General Partnership) and KPMG Huazhen LLP will no longer serve as the domestic and international financial report auditors and internal control auditors for the company's 2024 fiscal year, these changes took effect at the end of the shareholder's special meeting last Friday (8th).
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