China Industry Report: Nov. 24
Nov. 24 – This is a regular series of relevant industry news from around China.
Chinese monocrystalline solar cells maker JA Solar Holdings Co Ltd. and BP Alternative Energy Holdings Ltd., a subsidiary of British Petroleum, plan to co-develop and market part of their solar photovoltaic product portfolio in the next five years. Financial details of the agreement were not disclosed.
The Civil Aviation Administration of China (CAAC) has allowed Sichuan Airlines Co., Shandong Airlines Co. and Shenzhen Airlines to each operate two flights a week across the Taiwan Strait; bringing the number of carriers serving this route to nine.
CAAC is requiring China Southern Air Holding Co., the parent of China Southern Airlines Co Ltd., to obtain administrative permission if it wants to purchase shares of Liaoning Province Airport Management Group Co.
China Southern Airlines said that despite plans to reduce costs, it will not layoff staff.
Juneyao Airlines Co. Ltd. said that it will initiate a daily round-trip flight from Shanghai Hongqiao International Airport to the provincial capital of Fujian, Fuzhou, starting November 27.
This industry report brief is courtesy of Aii Data Processing.
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