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"(But) it feels like I should keep some dollars on hand, as the yuan will depreciate further." Others anticipating a bumpy ride ahead for the Chinese currency include China Southern Airlines (600029.SS). Such moves are perhaps not surprising given yuan volatility since Beijing suddenly unwound its zero-COVID strategy. "Overall, yuan exchange rate will remain basically stable at reasonable levels," he added at a March 3. news briefing. ($1 = 6.9009 Chinese yuan)Writing by Tom Westbrook; Editing by Vidya Ranganathan and Alexander SmithOur Standards: The Thomson Reuters Trust Principles.

Airfares from China are now 160% higher than before the pandemic, data from travel firm ForwardKeys shows, due to limited supply. Since Jan. 4, Air China (601111.SS), Hainan Airlines (600221.SS) and China Southern Airlines (600029.SS) have filed schedules with the U.S. Department of Transportation proposing to increase flights to as much as daily on some routes. Foreign carriers seeking to add flights to China require approvals from the Civil Aviation Administration of China, which did not respond to a request for comment. However, other flights were paused as it assessed market demand and government regulations. Many Western airlines parked large planes when international traffic plunged and production of new twin-aisle jets has been limited.

☆ Boeing 737 MAX Flies Again With Chinese Airline After Nearly Four-Year Halt
▼ + stars: | 2023-01-13 | by ( Rachel Liang | ) www.wsj.com time to read: 1 min

Chinese airlines operated nearly 100 737 MAX aircraft as of the end of 2021. SINGAPORE—A Boeing Co. 737 MAX jetliner operated by China Southern Airlines took off from Guangzhou on Friday, in what industry experts say is the first commercial flight in nearly four years by a Chinese airline using the aircraft. According to customer service information available on China Southern’s website, the jet took off at 12:46 p.m. local time from the southern Chinese city of Guangzhou and was heading to Zhengzhou.

The China Southern Airlines Co Ltd (600029.SS) domestic flight from Guangzhou to Zhengzhou departed at 12:45 p.m. (0445 GMT) using a MAX plane, according to flight tracking website FlightRadar24. China Southern had scheduled a return to commercial service for the 737 MAX in October 2022 but did not use it on the planned flights. Boeing and China Southern did not immediately respond to a request for comment. China Southern is the biggest Chinese customer for the model, with 50 on order, of which 34 have been delivered. In 2022, Boeing delivered eight airplanes to China while Airbus delivered more than 100.

☆ Boeing's long road to the 737 MAX's return in China
▼ + stars: | 2023-01-13 | by ( ) www.reuters.com time to read: +3 min

[1/2] A China Southern Airlines Boeing 737 MAX 8 aircraft is seen grounded at a storage area in an aerial photo at Boeing Field in Seattle, Washington, July 1, 2019. AUG. 11 - A Boeing MAX test plane flies in China as the manufacturer works with the regulator on its return. JUNE 15 - A China Southern MAX conducts test flights for the first time since March. SEPT. 14 - China's aviation regulator meets with Boeing about the MAX's return. 2023JAN. 11 - China Southern schedules commercial flights with the MAX for Jan. 13JAN. 13 - A China Southern MAX flies from Guangzhou to Zhengzhou, marking the model's return to Chinese passenger service.

☆ Boeing 737 Max 8 takes off in China for the first time since 2019
▼ + stars: | 2023-01-13 | by ( Pierre Meilhan | ) edition.cnn.com time to read: +1 min

CNN —A Boeing 737 Max 8 took off in China on Friday, for the first time since the government grounded all 737 Max 8 planes in 2019, according to the flight tracking website, Flightradar24. In March 2019, Chinese aviation authorities instructed airlines in the country to ground all their Boeing 737 MAX 8 aircraft, citing the need for “strict control of safety risks.” The decision followed two 737 Max 8 crashes in Ethiopia in 2019 and Indonesia in 2018. The Boeing 737 Max 8 that took off Friday is operated by China Southern Airlines and traveled from Guangzhou to Zhengzhou, according to Flightradar24. The SEC had alleged that, following an October 2018 crash of a Lion Air 737 Max jet that killed 189 people, Boeing and Muilenburg knew that part of the plane’s flight control system posed an ongoing safety concern yet told the public that the 737 Max was safe to fly. After a March 10, 2019 fatal 737 Max crash, the SEC alleged that Boeing and Muilenburg knowingly misled the public about “slips” and “gaps” in the certification process of that flight control system.

☆ China Southern flags 737 MAX flight in possible return of model
▼ + stars: | 2023-01-11 | by ( ) www.reuters.com time to read: +2 min

The scheduled flight is a domestic journey from the southern city of Guangzhou to Zhengzhou, the app showed. China Southern had also initially scheduled a return to commercial service for the 737 MAX in October 2022 but did not use it on the planned flights. Boeing said it would defer to airlines to comment on flight operations, while China Southern did not respond immediately to a request for comment. The 737 MAX was grounded in March 2019 following fatal crashes in Indonesia and Ethiopia but has returned to service around the world with the exception of China and Russia after modifications to the aircraft and pilot training. Foreign airlines began flying the 737 MAX to China in October 2022.

☆ China’s reopening has gotten Wall Street excited. Here’s how the pros are playing it
▼ + stars: | 2023-01-10 | by ( Zavier Ong | ) www.cnbc.com time to read: +5 min

Over the past week, a host of Wall Street banks have turned increasingly bullish on the world's second-largest economy and have upgraded their outlook on Chinese stocks. Morgan Stanley expects China's GDP to grow by an "above-consensus" 5.4% in 2023, on the back of a "fast-tracked" reopening and more proactive policy easing. Meanwhile, UBS says Chinese stocks look increasingly attractive. How to play the reopening Against this backdrop, analysts have named a slew of both Chinese and global stocks they think will benefit most from China's reopening. Bank of America's domestic reopening beneficiaries include consumer stocks such as alcoholic beverage makers Kweichow Moutai and Tsingtao Brew , airline stocks including China Southern Airlines , as well as online travel platform Trip.com .

[1/2] A Hainan Airlines aircraft is seen at Beijing Capital International Airport, amid the coronavirus disease (COVID-19) outbreak in Beijing, China December 27, 2022. About 62% of tickets to and from China were sold by Chinese carriers and 38% by foreign carriers in 2019, ForwardKeys data shows, reflecting the strong outbound market dominating traffic flows. "Foreign airlines don't have that flexibility and it will be hard for them to forecast and project how fast demand returns on their China routes," he added. Many foreign carriers also retired large numbers of widebody planes during the pandemic and have struggled to add capacity even before China opened. TIMING OF REBOUNDThe Chinese travel industry had expected a border opening around March and was not prepared for the Jan. 8 date, according to a research note from Tianfeng Securities.

SHANGHAI/HONG KONG, Dec 9 (Reuters) - Investors caught off-guard by China's dramatic COVID policy pivot are betting on both greed and fear as the economy starts to gradually reopen, snapping up shares in businesses from travel agencies and casinos to funeral companies. Providers of death care services, including Hong Kong-listed Fu Shou Yuan International Group (1448.HK), China's biggest cemetery operator and funeral service provider, have also drawn investors. The positioning for both the bright and dark side of China's COVID pivot reflects growing concerns from investors surprised by the rapid policy change, especially as COVID vaccination rates among the elderly remain relatively low. "But we still think that the way China can flatten the curve of new COVID cases without doubling down on tightening looks quite challenging." Morgan Stanley Chief China economist Robin Xing said China's economy may remain sluggish for another quarter or two, but growth will pick up after Spring.

☆ China's biggest air show opens under cloud of zero-COVID policy
▼ + stars: | 2022-11-08 | by ( Reuters Staff | ) www.reuters.com time to read: +4 min

BEIJING (Reuters) -A scaled-down version of China’s biggest air show opened on Tuesday, with some delegates unable to attend because of the country’s zero-COVID policy as virus case numbers there reached their highest level in six months. The show’s organisers did not immediately respond to a request for comment. The zero-COVID policy comes amid a broader decoupling from the West in the aerospace industry as China aims for increased self-reliance and watches the effects of strict export sanctions placed on Russia’s aviation industry because of that country’s invasion of Ukraine. China Southern did not immediately respond to a request for comment. China is also showing off a FH-97A “Loyal Wingman” drone model designed to coordinate with crewed aircraft, the Global Times reported.

☆ China stages historic air show under cloud of zero-COVID
▼ + stars: | 2022-11-08 | by ( Sophie Yu | Norihiko Shirouzu | ) www.reuters.com time to read: +5 min

China’s zero-COVID policy has hampered its domestic aviation industry and kept international traffic at a tiny fraction of pre-pandemic levels as Western carriers rebound sharply. Commercial Aircraft Corporation of China (COMAC) reported orders from leasing firms for 300 C919s and 30 ARJ21 regional jets. By contrast, the sun was setting in China on Tuesday on one of Europe’s most visible global symbols, the double-decker A380. Tracking website FlightRadar24 said China Southern Airlines operated its last A380 flight from Los Angeles on Tuesday. China is also showing off a FH-97A “Loyal Wingman” drone model designed to coordinate with crewed aircraft, the newspaper reported.

☆ Comac C919: Covid restrictions cloud airshow debut of China's showpiece jet
▼ + stars: | 2022-11-08 | by ( ) edition.cnn.com time to read: +5 min

China’s zero-Covid policy has hampered its domestic aviation industry and kept international traffic at a tiny fraction of pre-pandemic levels as Western carriers rebound sharply. Tuesday’s opening marked the first time Western plane giants Airbus and Boeing have shared the stage with China’s new COMAC C919 single-aisle jet at the showpiece event. Chinese J-20 stealth fighter jets at Airshow China, in Zhuhai, Guangdong province, on November 8. Commercial Aircraft Corporation of China (COMAC) reported orders from leasing firms for 300 C919s and 30 ARJ21 regional jets. Production of the world’s largest jetliner ended last year after weak sales including a near-failure to conquer China’s market.

☆ China Southern cancels planned return of Boeing 737 MAX flights
▼ + stars: | 2022-10-30 | by ( ) www.reuters.com time to read: +1 min

Oct 30 (Reuters) - China Southern Airlines Co Ltd (600029.SS) has cancelled plans for two Boeing Co (BA.N) 737 MAX flights on Sunday that would have represented the model's return to passenger flying in China after more than three years, according to the airline's website. China Southern had scheduled flights from its Guangzhou hub to Zhengzhou and Wuhan, Reuters reported on Thursday. The airline's website and flight tracking website FlightRadar24 showed the flights had been cancelled. China Southern did not respond immediately to a request for comment. Earlier this month, a 737 MAX flight by MIAT Mongolian Airlines landed in Guangzhou, marking the first commercial flight by the model in China since 2019.

☆ These are the 20 best airlines in the world, according to one survey of travelers: See the full list
▼ + stars: | 2022-09-23 | by ( Taylor Rains | ) www.businessinsider.com time to read: +8 min

Qatar also won titles for having the world's best business class, the best business class seat, and the best business class lounge dining, according to the Skytrax survey. Meanwhile, Southwest Airlines earned two titles, including the best low-cost airline in both North America and the US. Here's a closer look at the world's Top 20 best carriers for 2022, according to Skytrax's survey of travelers. Jakub Porzycki/NurPhoto via Getty ImageTurkish Airlines is based in Istanbul and flies routes throughout Africa, Asia, Europe, North America, and South America. Qatar AirwaysDoha-based Qatar Airways is the world's best airline, according to survey data collected by Skytrax.

☆ China Southern Airlines places order for 40 Airbus jets
▼ + stars: | 2022-09-22 | by ( ) www.reuters.com time to read: +1 min

REUTERS/Benoit TessierSept 22 (Reuters) - China Southern Airlines Co Ltd (600029.SS) said on Thursday its unit has placed an order with Airbus SE (AIR.PA) for 40 A320neo-family aircraft worth $4.85 billion. The deal comes months after three Chinese state airlines placed an apparently coordinated order for nearly 300 Airbus jets, the biggest order by Chinese airlines in about 5 years. read moreThe new order for 40 jets was on top of the bulk order for 292 aircrafts announced in July, an Airbus spokesperson said. read moreThe Airbus deal follows China Southern Airlines' order in August for 96 A320neo-family aircraft worth $12.25 billion. Xiamen Airlines is majority owned by China Southern Airlines and has previously relied exclusively on Boeing jets.

read moreAbout 10 officials from the China Securities Regulatory Commission (CSRC) and the Ministry of Finance (MOF) have arrived in Hong Kong and joined the audit inspection, which started on Monday, three of the people said. State-owned China Southern Airlines and data centre company GDS Holdings are among the U.S.-listed Chinese companies for audit inspection in the Asian financial hub, two separate sources said. Reuters reported last month that U.S. regulators had picked a number of U.S.-listed Chinese companies including e-commerce majors Alibaba Group Holding Ltd (9988.HK) and JD.com Inc (9618.HK) for audit inspection. It was not clear whether the Chinese officials would be present for every step of the inspection process with PCAOB representatives. The onsite inspections by the PCAOB are being conducted in the Hong Kong offices of the selected Chinese companies' audit firms, said two of the sources.

read moreAbout 10 officials from the China Securities Regulatory Commission (CSRC) and the Ministry of Finance (MOF) have arrived in Hong Kong and joined the audit inspection, which started on Monday, three of the people said. However, in a speech on Thursday, PCAOB chair Erica Williams said agency officials had arrived in Hong Kong to begin the inspections. As with all inspections, they will look at factors, including the audits of the selected companies and the overall quality control systems of the audit companies. State-owned China Southern Airlines and data centre company GDS Holdings are among the U.S.-listed Chinese companies for audit inspection in the Asian financial hub, two separate sources said. The onsite inspections by the PCAOB are being conducted in the Hong Kong offices of the selected Chinese companies' audit firms, said two of the sources.

☆ China Meets With Boeing, Raising Hopes for 737 MAX Flight Resumption
▼ + stars: | 2022-09-20 | by ( Rachel Liang | Cao Li | ) www.wsj.com time to read: 1 min

Boeing 737 MAX jets operated by China Southern Airlines were grounded in 2019 after two fatal crashes. China’s air safety regulators have met with Boeing to discuss the company’s 737 MAX, a move that the regulator’s official media outlet said signaled the jetliner could soon return to Chinese skies after more than three years. The Civil Aviation Administration of China held an evaluation meeting last week with Boeing’s U.S. and China teams to review the training protocols for pilots, the CAAC News, a news outlet run by the regulator, said Tuesday.

☆ Citi AAdvantage MileUp Card review: Earn American Airlines miles and Loyalty Points on your everyday spending without an annual fee
▼ + stars: | 2022-02-09 | by ( Holly Johnson | Jasmin Baron | Freelance Writer | ) www.businessinsider.com time to read: +26 min

Earn American Airlines AAdvantage miles with no annual fee Check mark icon A check mark. Along with earning Loyalty Points from flying and partner spending, you can earn 1 Loyalty Point per dollar spent on co-branded American Airlines cards, including the American Airlines AAdvantage MileUp℠ Mastercard. Cardholders earn:2 miles per dollar on eligible American Airlines purchases (including AA.com, American Airlines reservations, American Airlines Admirals Club, American Airlines Vacations, and American Airlines airport and city ticket counters)2 miles per dollar at grocery stores (supermarkets, freezer/meat locker provisioners, dairy product stores, miscellaneous food /convenience stores, markets, specialty vendors, and bakeries)1 mile per dollar on all other eligible purchasesHow to use American Airlines milesThe good news about American Airlines miles is that, for the most part, they're easy to use. The discount is valid on American Airlines flights, plus American Airlines-marketed flights on Envoy Air, Republic Airways, SkyWest Airlines, Mesa Airlines, PSA Airlines, and Piedmont Airlines. Earn American Airlines AAdvantage miles with no annual fee Check mark icon A check mark.

☆ Citi AAdvantage Platinum Select card review: Earn 50,000 American Airlines miles and get perks like a free checked bag and priority boarding for a moderate annual fee
▼ + stars: | 2022-01-25 | by ( Jasmin Baron | Read More | Read Less | ) www.businessinsider.com time to read: +31 min

Citi and American Airlines offer a number of co-branded credit cards, including the Citi® / AAdvantage® Platinum Select® World Elite Mastercard®. Read more: Guide to the best American Airlines credit cardsYou'll also earn American Airlines miles for your everyday spending, including 2x miles on American Airlines purchases and at restaurants and gas stations, and 1x miles everywhere else. Cardholders earn:2 miles per dollar on eligible American Airlines purchases (including AA.com, American Airlines reservations, American Airlines Admirals Club, American Airlines Vacations, and American Airlines airport and city ticket counters)2 miles per dollar at eligible restaurants (including cafes, bars, lounges, and fast-food restaurants) and gas stations1 mile per dollar on all other eligible purchasesHow to use American Airlines milesAmerican Airlines is one of the few US airlines to still publish a region-based award chart. The discount is valid on American Airlines flights, plus American Airlines-marketed flights on Envoy Air, Republic Airways, SkyWest Airlines, Mesa Airlines, PSA Airlines, and Piedmont Airlines. Citi AAdvantage Platinum Select — Frequently Asked Questions (FAQ)Is the Citi AAdvantage Platinum Select card worth it?

☆ CitiBusiness AAdvantage Platinum Select Mastercard review: Earn 65,000 American Airlines miles and get benefits like a free first checked bag and preferred boarding
▼ + stars: | 2022-01-12 | by ( Jasmin Baron | Read More | Read Less | ) www.businessinsider.com time to read: +32 min

First checked bag is free on domestic American Airlines itineraries to reduce travel costs and boost your bottom line. The CitiBusiness® / AAdvantage® Platinum Select® Mastercard® currently offers 65,000 American Airlines AAdvantage® bonus miles after spending $4,000 in purchases within the first 4 months of account opening. Cardholders earn 2x miles on American Airlines purchases, eligible purchases at telecommunications merchants, cable and satellite providers, car rental merchants, and gas stations. Read more: Guide to the best small-business credit cardsHow to use American Airlines milesUnlike most US carriers, American Airlines still publishes a region-based award chart. First checked bag is free on domestic American Airlines itineraries to reduce travel costs and boost your bottom line.

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