国内首家合资货运航空公司外方股东萌生退意
Rough translation using google.
As Europe's largest aviation group, Lufthansa (Deutsche Lufthansa AG) is preparing to exit the Chinese market. Lufthansa subsidiary Lufthansa Cargo CEO Ga Nate has a logistics conference in Frankfurt, said that because the face price war, companies face of competitors, may have to opt out of the Chinese market.
It is understood that, within the meaning of Lufthansa Cargo joint venture enterprise that is the first domestic cargo airlines - Jade Cargo International Co., Ltd. (Jade Cargo International Airlines Co., Ltd., Referred to as "Jade Cargo"), a company owned by Lufthansa German investment and development company and a joint venture between Shenzhen Airlines, three were holding 25%, 24% and 51%. Currently, Germany is working with British Airways, Lufthansa and British Airways Virgin Atlantic to discuss matters relating to transfer of ownership.
Jade Cargo sailing since, and did not meet the expectations of the German Lufthansa, according to the news, "the expected revenue is less than one-fifth, and encounter difficulties in financing."
Lufthansa, Germany suffered its own financial difficulties, also contributed to the contraction of the front as soon as possible. It is understood the company's third quarter operating income of 4.94 billion euros, down over 21%. Germany's Lufthansa Group hopes to 2013, business spending will be cut 1.5 billion euros.
Industry: Domestic flight prices or the opportunity to buy a head start can be
Than-expected earnings caused by Jade Cargo is mainly due to weak global economy. World Trade Organization (WTO) data show that the debt crisis hit the global economy suffered this year, global trade is expected to grow 5.8%, compared with 14.1% increase in 2010 reduced by 7.3 percentage points.
China's air cargo market is not optimistic about the statistics from the Civil Aviation Authority, cargo and mail turnover in November declined by 9.8%, and 1-11 months, the cumulative decline of 3.4%.
Among them, the largest decrease in international routes, cargo and mail turnover in November declined by 15.9% cumulative 1-November fell 5.6%.
Jade Cargo, one of the competitors, Cathay Pacific Airways Limited of Hong Kong (Cathay Pacific Airways Limited, referred to as "Cathay Pacific"), also said that the Mainland and Hong Kong's air cargo demand continues to decline, the company's cargo in October fell by 17.5%.
The industry believes that the lack of funds in the international aviation giants had to shrink the front when the opportunity to buy the domestic flight prices can expand the market share for a head start when the market recovers.