Results tagged “usairways”

China Construction Bank’s A share began trading yesterday. The ￥6.45 IPO closed at ￥8.53 , a whopping 32 percent gain, eye popping in any Western markets, but here in China, a big yawn. Two other smaller companies went public on the same day, both advanced 200 percent plus, cha-ching! CCB was the largest China IPO to date(￥58 billion), but that title will soon belong to Shenhua Energy, the nation’s largest coal miner. The offering attracted a record ￥2.6 trillion(USD $355 billion) of funds looking to buy shares. The actual amount raised, based on projected ￥37/share and 1.8 billion shares offered would fall somewhere in the neighborhood of ￥66.6 billion, still a lot of zeros.

OK, we've never heard of East Star Airlines before, but it has just become the first private airline in China to be authorized to operate international flights. A Xinhua report tells us that under Civil Aviation Administration of China regulations, new airlines may apply to operate international flights only after three years of operations. East Star has been in business less than two years, but it beat rivals Okair, Ueair, Juneyao Airlines and Spring Airlines to be the first. Hmm... we wonder what made them bend those rules!

Shanghaiist is sleepy. It's still February 15 where we are -- Honolulu, Hawaii --and we are entering the 42nd hour of a day that began in Shanghai and included an eight-hour layover in Tokyo. We didn't sleep at all on the plane, either. Likely because we weren't full of wine, as we usually are on Northwest Airlines international flights. You see, NWA has phased out free alcoholic beverage for economy passengers on international flights to Asia-Pacific (but not Europe or other international destinations ... huh?). When did this rule go into effect? According to a flight attendant -- February 15, 2006. What kind of shitty luck is that? Beer and wine are now US$5 a pop. Maybe worth a thought if they had any kind of selection ...