China Travel Market News

China Aviation Supplies signs 130 aircraft order with Airbus

China Aviation Supplies signs 130 aircraft order with Airbus

China Aviation Supplies has signed an agreement with Airbus for the acquisition of 30 A330 Family aircraft and 100 A320 Family aircraft. The 30 A330s are the firm up of the commitment signed in June 2015. The GTA was signed in Beijing by Li Hai, president of CAS, and Fabrice Brégier, president of Airbus, in the presence of Chinese premier Li Keqiang and visiting German chancellor Angela Merkel.

China seeks to mirror jet fuel market

China seeks to mirror jet fuel market

12th Jul 2011 Airline News

Officials in China have confirmed they will reform the mechanism for pricing ex-refinery jet fuel in the country in an attempt to more closely mirror market movements. According to the National Development & Reform Commission (NDRC) ex-refinery prices will be adjusted once a month from August and will be based on post-tax import costs for the fuel plus a premium.

China builds replica of fairytale Austrian village

China builds replica of fairytale Austrian village

19th Jun 2011 Hotel News Tourism News

China is building a replica of an idyllic Austrian alpine village in a rundown industrial estate. The village will be a £5.7billion carbon copy of Hallstatt, a UNESCO World Heritage site, complete with artificial lake. Posing as tourists, the Chinese have been photographing every building there for three years, and the plan was only discovered when a guest left blueprints behind.

Global slowdown hits Chinese hotels

Global slowdown hits Chinese hotels

12th Feb 2010 Hotel News

Rapid growth in the Chinese hotel sector was reversed during 2009, with the economic downturn largely to blame. Data from STR Global find the revenue per available room (RevPAR) achieved by Chinese hotels fell by 26.2 percent during 2009 when compared with a year ago – underlining their poor performance.