1. Friday May 25, 2018
      Home > News > Economy
      Text:| Print|

      HNA may cancel Airbus order

      2012-11-12 09:23 Global Times     Web Editor: qindexing comment

      The fast-expanding Hainan Airlines Group (HNA Group) reported that it may cancel an order of 10 A380 aircraft with a total list price of $3.8 billion, which analysts said Sunday highlights airlines' cautious attitude on fleet expansion amid weak market conditions.

      According to Reuters Friday, Chen Feng, chairman of HNA Group, which just acquired a 48 percent stake in French airline Aigle Azur in October, said the A380s were ordered when the market was good, but now the company needs to strategize to face the gloomy global economy.

      The large size of the A380 makes buying 10 of them difficult in these times, Chen was quoted by Reuters as saying on the sidelines of the ongoing 18th National Congress of the Communist Party of China (CPC) in Beijing, adding that the group will not make a big plane purchase next year.

      "Orders that are already in the Airbus order book have not changed and, as usual, we do not comment on talks with customers," Robin Tao, an Airbus China spokesperson, told the Global Times via text Sunday.

      While Chen did not name the airlines involved, industry insiders said the A380s on order were for Hong Kong Airlines under HNA Group, which operates more than 500 routes at home and abroad.

      Hainan Airlines profits hit 1.2 billion yuan in the third quarter of this year, down 25.3 percent year-on-year.

      In January this year, Airbus took an order from Hong Kong Airlines for the 10 A380 aircraft, and it plans to deliver the first in 2015. But in August, rumors swirled as the Financial Times reported a possible cancellation.

      "It is unexpected but reasonable," Li Xiaojin, a professor at the Civil Aviation University of China, told the Global Times via phone Sunday.

      According to Li, the nation's growth of transport volume has declined dramatically in recent decades: annual growth was more than 20 percent during the 1980s and 1990s, but the figure declined to more than 10 percent during the 2000s and now stands at less than 10 percent.

      The data from the Civil Aviation Administration of China placed the growth of passenger transport volume in September at 9.5 percent year-on-year.

      "The declined growth of transport volume thins profit for the airlines, adding to the pressures against their fleet expansion," Li said.

      A380s are suited to long-haul flights, especially internationally, but Chinese airlines have a hard time competing with foreign carriers for customers, said Lin Zhijie, an independent industry expert.

      HNA rival China Southern Airlines currently has four A380s flying routes of two or three hours, but their profit in the first half of this year was near 100 million yuan ($16 million), and insiders said the A380 could be a reason.

      From October this year, China Southern shifted the A380 route to a Guangzhou-Los Angeles run. Industry insiders predicted that the intercontinental flights will improve the company's performance.

      Comments (0)

      Copyright ©1999-2011 Chinanews.com. All rights reserved.
      Reproduction in whole or in part without permission is prohibited.

      主站蜘蛛池模板: vvvv99日韩精品亚洲| 亚洲成a人片在线观看国产| 91精品免费久久久久久久久| 亚洲国产aⅴ综合网| 边摸边吃奶边做爽免费视频99 | 99爱在线观看免费完整版| 亚洲片一区二区三区| 黄色网址免费在线观看| 亚洲中文字幕丝袜制服一区| 久久国产精品免费| 亚洲AV无码成人网站久久精品大| 亚洲国产女人aaa毛片在线 | 国产精品极品美女免费观看| 亚洲精品国产日韩无码AV永久免费网| 亚洲国产精品嫩草影院| 四虎影在线永久免费四虎地址8848aa | 色偷偷亚洲男人天堂| 99精品免费视品| 99在线视频免费观看视频| 国产亚洲精品成人AA片| 国产高清免费在线| 一级毛片不卡免费看老司机| 亚洲国产精品无码专区影院| 91精品啪在线观看国产线免费| 国产精品自在自线免费观看| 老司机午夜在线视频免费观| 亚洲午夜福利在线观看| 亚洲成在人线aⅴ免费毛片| 亚洲国产精品尤物yw在线| 国产亚洲免费的视频看| 亚洲精品人成无码中文毛片| 中文字幕视频在线免费观看| 亚洲女人初试黑人巨高清| 国产精品免费视频网站| 国产免费一区二区三区不卡 | 亚洲精品白浆高清久久久久久| 色多多免费视频观看区一区| 亚洲欧洲美洲无码精品VA| 69免费视频大片| 国产av无码专区亚洲av毛片搜| 亚洲国产精品无码久久SM|