Chinese Chinese

Sometimes, a good investmentChinese, it is the Chinese only year flight of national flag travel together just airline company with highest field profit. Now, this company again has got the new opportunity of the building of upper levels, that is 2008 Beijing Olympic Games.
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In the 737-800 Chinese new generation airplane of Chinese International Airline, have one have been spraied to paint the last mascot of Beijing Olympic Games " the baby of good fortune" cartoon image. The reporter of " red weekly " knows that this 737 large scale passenger planes produced by Boeing have been been called as by Chinese International Airline" the lucky number of the Olympic Games", this machine will fly to many cities to hold welcoming ceremony , propagates Olympic spirit and theory. And with Chinese International Airline where Beijing is base and occupies Beijing aerial market near half of the country , have been designated to be the solely aerial cooperative partner of Beijing Olympic Games.
Reporter interviews many market analyst to know that the aerial field of China is faced with the favorable factor of many developments now: 1. The raising of income level, aerial way going out from a kind of luxuriousness consumption become popular gradually , common people the way of going out that melts; 2. Exchange rate appreciates , make each airline company or many profits or that enjoyment brings less to exchange profit promote. From the profession operation of the first half of this year, data is seen , guest rate and profit level have remarkable promotion , each major airline company realizes profit; 3. CAAC suspends 2010 ago to accept the condition of examination and approval of increasing for establishing new airline company more strictly and establishing new airline company , the raising of profession accurate introduction threshold will also form advantage for existing airline company well.
State the silver country bond profession research of 10 thousand issued in August report points out , the investment opportunity of aerial field is not tendency , the trade investment opportunity of short period, and it is long-term and fast increased based on profession , profession profit inflection point the value investment opportunity that appearance and profession integration bring. The present aerial field similar American last century 5 or 6 of China the aerial field of 10 decade, is in high speed development to expect that various important games and campaigns can bring the pulse increase of stage. Therefore the high increase of aerial field can at least still last for 3 years more, it is even higher to increase speed around 17% in year. Increase speed in the domestic aerial year of transport power to be approximately 14% speed15%, far increase below demand; Guest the promotion of rate and ticket price the ability that makes airline company have had the digestion high risk of oil price. In coming 3 years, profession prosperous degree will go up continuously.
Refering to related data, aerial field and GDP increase to always maintain positive barrier. Joint bond last century the average from 80 decade until 2006 reaches according to summary, compared with GDP and the growth rate of aerial field, maintain the relation of the 2 times of 1.5 probably. In China, GDP does not come , is with high speed increased and optimistic to expect , aerial field increase may be expected.
However, insider tells reporter that 2007 is the recovery year of aerial share only. Along with the world-class meetings such as Olympic Games and world's fair hold , in the future, the demand of aerial field increases the general expectation that will far exceed market. See countries history as a whole , is holding Olympic Games with duration , it is one of oldest material beneficiary invariably to hold the aerial field of country. 2008 Beijing Olympic Gameses give China this already vigorous aerial field of development probably to bring 10% , go to 20% of volumes to increase.
The Chinese company's investor of Chinese International Airline concerns department responsible person to forgive Ms , tell the reporter " red weekly", this qualification that has been designated to be the solely aerial cooperative partner of Beijing Olympic Games worths further promotion company's brand.
At the same time, capital airport this advantage of home court can also let Chinese International Airline be benefited is a lot of. Chinese International Airline occupies 45% of market shares in Beijing capital airport. In 2006, the passenger handling capacity of the capital airport base of Chinese International Airline is the person-time of 18.54 million, possess the capital airport share of 43.8%; Port's cargo throughput occupies the market share of capital airport 51.8% for 531 thousand tons. In the income of Chinese International Airline of passenger transport, the income that comes from in Beijing base occupies the proportion around 60%. Forgive Ms to claim that company, as only cooperative airline company of Olympic Games, will directly share the business increase that 2008 Olympic Games brings. Company will still have for the Olympic Games, do some adjustments especially for type, increase wide body airplane properly.
As we have learned, capital airport a new navigation station building will put in use in the end of this year probably, it is two that new navigation station building will divide into A and B, let respectively that domestic airline company and international airline company use. " in the three big in China airline company, only Chinese International Airline can use new navigation station building. " a person of Chinese International Airline tells reporter.
For airline company, course is the most valuable resource, Chinese International Airline still possesses balanced course network. In 2002, after Chinese International Airline has integrated original southwest navigation and Zhejiang navigation, through fast internal integration and course program, has formed preliminarily is Beijing mainly pivot, Chengdu and the balanced course network with Hangzhou of supplement. Is in the aspect of domestic course , Chinese International Airline 2006 in the 20 domestic biggest course of rate of flow( ask the 30% that takes domestic total passenger turnover volume ) market share is as high as 33%, is higher than other competitors. In the aspect of international course, the international course contract of Chinese International Airline of turnover volume takes all 50% of Air China of international course total passenger turnover volume or above.
Besides, Chinese Chinese International Airline the development with high end market as business focal point strategy, perhaps, happen to have catered to the characteristic of passenger transport during the Olympic Games. In home market of this firm, the contribution of the cabin income of public affairs of air ticket takes the 70% of total profit.
At the same time, the internationalization cooperative route of company will promote competitiveness further. The cooperation of present and country safe aviation the market that extends Hongkong, Macau and Taiwan region probably , and company holds the stock right of country safe 17.5%. National city bank of New York estimates 2007 , 2008 company the investment profit of share the RMB of 600 million Yuan.
Country first bond estimated Chinese International Airline will join the alliance of starry sky at the end of this year, then, the international course operation efficiency of Chinese International Airline will still rise obviously. ( to be continueded)