⌛ Did you miss ProPicks’ 13% gains in May? Subscribe now & catch June’s top AI-picked stocks early.Unlock Stocks

China approves 10 new airline routes from Beijing's new airport

Published 03/07/2019, 02:23 AM
Updated 03/07/2019, 02:25 AM
China approves 10 new airline routes from Beijing's new airport
SO
-

SHANGHAI (Reuters) - China has approved plans by China Eastern Airlines, Xiamen Air and Capital Airlines to fly out of Beijing's new mega-airport from September to cities such as Moscow, Cairo and Busan.

The Civil Aviation Administration of China said in a statement on its website on Thursday that it had approved 32 new airline routes, 10 of which will be from Beijing Daxing International Airport in September and October.

Of the 10, five were proposed by Hainan Airlines unit Beijing-based Capital Airlines, one by China Southern (NYSE:SO) Airlines subsidiary Xiamen Air and four by China Eastern Airlines.

The airport, due to open in September, can handle 72 million passengers a year by 2025 and is expected to become one of the world's busiest airports upon completion.

This will be the city's second such facility and help relieve pressure on Beijing Capital International Airport, whose annual capacity has reached 100 million passengers.

Airlines including China Southern, China Eastern, Capital Airlines and China United Airlines will be relocated to the new airport, while carriers such as Air China Hainan Airlines and Grand China Air will stay at the old facility.

Latest comments

Loading next article…
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.