Aerospace News - February 2011
Mondaq Business Briefing › United Kingdom Law Articles in English (2011)
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Aerospace News - February 2011
WHEN MANY BECOME ONE – THE POLYGAMOUS ROAD AHEAD FOR PRC CARRIERS
By Cheryl Guan Over the last decade, PRC carriers have consolidated around three main carriers. This trend looks likely to continue. This article tracks the historical backdrop, and sets the stage for a subsequent discussion on anti competition issues. In July 2000, the all-powerful General Administration of Civil Aviation of China (CAAC) ordered the top ten airlines in its fold to consolidate into three airline groups around Air China, China Southern Airlines and China Eastern Airlines. Other than to prepare for full entry into the World Trade Organisation, the consolidation of PRC carriers was chiefly to streamline airline operations and to improve the overall competitiveness of the PRC aviation industry. The flurry of consolidation activities that followed thereafter included: the acquisition of Air China Southwest and Zhejiang Airlines by Air China in 2001; the absorption of Zhongyuan Airlines into China Southern Airlines in 2000 and the latter's a...See the full content of this document
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