. Space Industry and Business News .




.
AEROSPACE
China Southern committed to Airbus orders: report
by Staff Writers
Beijing (AFP) March 30, 2012


China Southern Airlines said Friday it has no plans to cancel or delay its Airbus orders, Dow Jones Newswires reported, despite Chinese opposition to the European Union airlines carbon emissions fee.

The comments by chairman Si Xianmin come as the carrier announced its net profit fell 12.6 percent to 5.1 billion yuan ($806 million) last year as global economic woes and rising fuel costs took their toll.

Si said the company -- the only Chinese carrier to have ordered the A380 superjumbo -- remained committed to its existing Airbus orders, according to the report.

China Southern said it would take delivery of the fourth of its five A380s in September, with the last jet coming in early 2013, the report said.

China is among more than two dozen countries that opposes the EU tax, which is imposed on airlines taking off or landing in Europe.

Earlier this month, EADS -- which owns Airbus -- said the Chinese government was blocking orders by Chinese carriers of some planes made by the aviation giant due to the EU scheme.

But the EU has said the carbon tax will help it achieve its goal of cutting emissions by 20 percent by 2020 and that it will not back down, despite claims the charge violates international law.

China Southern said its operating revenue last year rose 19.2 percent to 92.7 billion yuan, according to a statement on the Shanghai stock exchange.

"In 2011, growth in the global airline market slowed due to slow recovery in developed economies, tense political situations in some regions and sudden incidents such as the Japan earthquake," the firm said.

"Passenger demand for air traffic domestically still kept growing thanks to the stable and relatively fast growth of the Chinese economy and the increase in consumer demand, but it slowed down compared to 2010."

Demand for air traffic in China has boomed as the country's economy roars ahead and an increasingly affluent middle class travels more frequently.

But growth in the world's second largest economy is slowing, and coupled with that, fuel prices are rising.

The airline -- one of China's big three carriers along with Air China and China Eastern Airlines -- said its fuel costs rose nearly 40 percent in 2011 compared to the previous year.

Related Links
Aerospace News at SpaceMart.com




.
.
Get Our Free Newsletters Via Email
...
Buy Advertising Editorial Enquiries






.

. Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle



AEROSPACE
South Africa, Singapore airlines fined for price-fixing
Johannesburg (AFP) March 26, 2012
South African Airways and Singapore Airlines have been fined several million dollars for price-fixing on routes between Johannesburg and Hong Kong, the anti-trust authority said Monday. SAA was fined 18.8 million rands ($2.5 million, 1.9 million euros) and Singapore Airlines 25.1 million rands, the Competition Commission said in a statement. The settlement will also resolve a separate ca ... read more


AEROSPACE
'Full-body' audit finds abuses at China Apple plants

ORNL process converts polyethylene into carbon fiber

Foxconn promises improvements after labour audit

Google plans low-price tablet computer: reports

AEROSPACE
Raytheon to Continue Supporting Coalition Forces' Information-Sharing Computer Network

Northrop Grumman Wins Contract for USAF Command and Control Modernization Program

TacSat-4 Enables Polar Region SatCom Experiment

'See Me' satellites may help ground forces

AEROSPACE
SpaceX names safety panel

Swiss pioneer motor aimed at slashing satellite launch costs

ATREX Mission Launched from Wallops

ILS Proton Launches Intelsat 22

AEROSPACE
Spinning stars could guide spacecraft

GIS Technology Offers New Predictive Analysis to Business

Navigation devices in market woes

Iris: watch how satcoms help pilots

AEROSPACE
China Southern committed to Airbus orders: report

Asia gets new budget airline eyeing Chinese flyers

South Africa, Singapore airlines fined for price-fixing

Cessna signs agreements with Chinese manufacturer

AEROSPACE
Researchers discover a new path for light through metal

More energy efficient transistors through quantum tunneling

Solitary waves induce waveguide that can split light beams

Designer lights from the physics lab

AEROSPACE
NASA Sees Fields of Green Spring up in Saudi Arabia

Checking CryoSat reveals rising Antarctic blue ice

West Antarctic Ice Shelves Tearing Apart at the Seams

Signs of thawing permafrost revealed from space

AEROSPACE
State of the planet

Oil from Deepwater Horizon disaster entered food chain in the Gulf of Mexico

Study shows air emissions near fracking sites may impact health

Researchers describe method for cleaning up nuclear waste


Memory Foam Mattress Review

Newsletters :: SpaceDaily Express :: SpaceWar Express :: TerraDaily Express :: Energy Daily
XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News

.

The content herein, unless otherwise known to be public domain, are Copyright 1995-2012 - Space Media Network. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement