Hongqi car sales climb in first half 

Hongqi car sales climb in first half 

(ATF) China’s leading automaker FAW Group said that it has seen a 111% year-on-year growth in vehicle sales under its Hongqi brand in the first half of this year. Despite the impact of the coronavirus outbreak, more than 70,000 Hongqi cars were sold in the past six months as the ...

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Didi, BAIC ink self-driving car pact

Didi, BAIC ink self-driving hire-car pact

(ATF) Chinese ride-hailing giant Didi Chuxing is hitting the accelerator on its autonomous driving business by inking a strategic partnership deal with major Chinese carmaker BAIC Group. Under the agreement, Didi and BAIC said they will jointly develop high-level customised self-driving models through in-depth cooperation in automobile technologies, artificial intelligence ...

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German government moves to rescue Lufthansa bailout

German government moves to rescue Lufthansa bailout

The German government leapt into action on Monday to rescue a proposed nine-billion-euro ($10.1 billion) coronavirus bailout for Lufthansa that has run into resistance from a billionaire shareholder. Economy Minister Peter Altmaier and Finance Minister Olaf Scholz met for crunch talks with Lufthansa representatives and rail industry tycoon Heinz Hermann ...

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Dhaka flights halted after infected passengers detected in China

Dhaka flights halted after infected passengers detected

(ATF) China's aviation regulator issued its first international flight "circuit-breaker" directive on Sunday after passengers arrived in Guangzhou from Bangladesh with coronavirus. Flights between the southern Chinese city and the Bangladeshi capital Dhaka have been halted for four weeks. According to a notice issued by the Civil Aviation Administration of ...

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China’s airline industry shows signs of recovery

China’s airline industry shows signs of recovery

(ATF) China's airline industry showed signs of recovery in May with declines in key indicators narrowing from a month ago, China's top aviation authority said. Airlines flew a total of 25.83 million passengers last month, down 52.6% year on year. That was a 15.9 percentage-point improvement on April, Xiong Jie, ...

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China seeks foreign landing rights for Hainan

China seeks foreign landing rights for Hainan

(ATF) China's aviation authority has unveiled a plan to allow foreign airlines to fly to and from the under-construction Hainan Free Trade Port (FTP). The move announced Tuesday is the latest to create a major trade and tourism hub in the southern island province. Authorities will seek so-called Seventh Freedom ...

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Cathay recap brings little cheer as gloomy outlook weighs

Cathay recap brings little cheer as gloomy outlook weighs

A bailout of Hong Kong’s flagship carrier Cathay Pacific will inject much-needed liquidity into the airline but recovery in the global aviation sector holds the key to bringing back investors. In a reflection of investor relief after the HK$39-billion (US$5-billion) recapitalisation plan was unveiled, shares in the airline initially jumped ...

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