Air China subsidiary Air Macau plans to request a new capital injection from its stakeholders and lease three A320s/A321s to CA this month in order to alleviate its financial crisis, according to the media report. The amount of the cash injection will be determined soon by a stakeholders' conference. CA holds a 51% stake in NX, whose other stakeholders include TAP Portugal's SEAP investment fund (15%), casino company Sociedade de Turismo e Diversoes de Macau (14%), the Macau government and EVA Air.
CA has noted that it would extend "special aid" to NX, including its support in an effort to secure routes across the Taiwan Strait when CAAC allows scheduled service next July. NX reported a first-half net loss in excess of MOP200 million ($24.4 million). Passenger traffic fell 6.4% year-over-year to 1.38 billion RPKs and boardings were down 11.9% to 1 million. Load factor dropped 5.3 points to 70.5% and cargo volume plummeted 34.9% to 53,000 tonnes.
Mr. Yang Yuanyuan, former Minister of CAAC , was there at Aviation Expo/China 2007 with us
Mr. Gao Hongfeng, Vice Minister of CAAC, was there at Air Show China 2002 with us
Mr. Yang Guoqing, Vice Minister of CAAC, was there at Aviation Expo/China 2005 with us | Video