Tuesday, June 30, 2015   

China's budget airline buys 50 Boeing aircraft
(05-15 12:03)

Low-cost carrier Jiuyuan Airlines signed an agreement with the Boeing Company on Wednesday to purchase 50 aircraft worth more than US$6 billion.
The deal is the largest purchase ever by a private Chinese airline.
The aircraft, including Boeing's 737-800 and 737 MAX, are expected to be in operation by 2020.
The budget carrier plans prices as low as 9 yuan to tap a new client source. Guangzhou is the top destination of Chinese migrant workers.
Jiuyuan Airlines is jointly owned by Shanghai Juneyao Airlines Co. Ltd, Elion Resources Group Limited Company, Xinhualian Holding Co. Ltd and Juneyao's Ji Guangping with a registered capital of 600 million yuan, according to the Shanghai Juneyao website. --Xinhua   
Other Business breaking news:
(Greece crisis) Turkey extends a hand to Athens (25 mins ago)
(Greece crisis) Leftists open to considering deal (49 mins ago)
(Greece crisis) New deal from creditors before Athens referendum (54 mins ago)
(Greece crisis) Spain PM Rajoy wants Greek leftists out (2 hrs 42 mins ago)
(Greece crisis) Italy PM Renzi sees no danger (2 hrs 45 mins ago)
Eurozone jobless ranks steady, inflation eases (06-30 17:39)
S&P reports ‘selective default’ at Japan’s Sharp (06-30 17:33)
(Greece crisis) China, HK equities bounce on day of wild swings (06-30 16:25)
Australia predicts 38pc fall in iron ore prices (06-30 13:53)
Hang Seng, Shanghai rebound (06-30 13:46)

More breaking news >>

© 2015 The Standard, The Standard Newspapers Publishing Ltd.
Contact Us | About Us | Newsfeeds | Subscriptions | Print Ad. | Online Ad. | Street Pts

 


Home | Top News | Local | Business | China | ViewPoint | CityTalk | World | Sports | People | Central Station | Spree | Features

The Standard

Trademark and Copyright Notice: Copyright 2015, The Standard Newspaper Publishing Ltd., and its related entities. All rights reserved.  Use in whole or part of this site's content is prohibited.   Use of this Web site assumes acceptance of the
Terms of Use, Privacy Policy Statement and Copyright Policy.  Please also read our Ethics Statement.