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4-Traders Homepage  >  Equities  >  SHANGHAI STOCK EXCHANGE  >  China Southern Airlines Company    600029   CNE000001FG0

CHINA SOUTHERN AIRLINES COMPANY (600029)
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HondaJet China to expand operations at Guangzhou Airport

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04/18/2018 | 10:25am CEST

A joint venture (JV) between Honda Aircraft Company and HondaJet China (Honsan General Aviation) has signed a deal with Guangdong Airport Authority subsidiary Yitong Business Aviation Service to expand its fixed-based operator (FBO) facility, which is situated at Guangzhou Baiyun International Airport.

The new 8,800m expanded facility will be developed to house a HondaJet sales showroom and dedicated service area that can accommodate up to 20 HondaJet aircraft.

It will also house a newly established company, FlightJoy Aviation, which will provide charter operations and aircraft management of HondaJets across China.

The expansion is scheduled to be completed next year.

Honsan General Aviation chairman Zhou Yuxi said: HondaJet China will be a one-stop-shop for all HondaJet customers with a beautiful, brand new location featuring sales and service support and flight operations, as well as charter offerings.

This expansion is a testament to HondaJet Chinas commitment to creating new value in business aviation in the region with the technologically advanced HondaJet.

In October last year, Honda Aircraft Company selected Honsan General Aviation to look after the sales of the HondaJet in China, Hong Kong and Macau.

HondaJet Chinas existing FBO facility is situated at the new business jet terminal at Guangzhou Baiyun International Airport. The company opened the facility in January this year.

The Guangzhou Baiyun International Airport currently serves as the main hub for China Southern Airlines and is a focus city for Shenzhen Airlines.

It was the second busiest airport in China in terms of passenger traffic and the third busiest in terms of cargo traffic in 2007.

(c) 2018 All Rights Reversed for Saudi Press Agency Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

Stocks mentioned in the article
ChangeLast1st jan.
CHINA SOUTHERN AIRLINES COMPANY -5.06% 9.38 End-of-day quote.-17.11%
HONDA MOTOR CO LTD -0.24% 3682 End-of-day quote.-6.19%
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Financials ( CNY)
Sales 2018 147 B
EBIT 2018 9 819 M
Net income 2018 7 136 M
Debt 2018 94 397 M
Yield 2018 1,16%
P/E ratio 2018 13,47
P/E ratio 2019 9,78
EV / Sales 2018 1,20x
EV / Sales 2019 1,06x
Capitalization 83 255 M
Chart CHINA SOUTHERN AIRLINES CO
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China Southern Airlines Co Technical Analysis Chart | 600029 | CNE000001FG0 | 4-Traders
Technical analysis trends CHINA SOUTHERN AIRLINES CO
Short TermMid-TermLong Term
TrendsBearishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 22
Average target price 10,4  CNY
Spread / Average Target 11%
EPS Revisions
Managers
NameTitle
Wan Geng Tan Executive Director, Vice Chairman & President
Fu Pan Chairman-Supervisory Board
Chang Shun Wang Chairman & Executive Director
Li Xin Xiao Chief Financial Officer & Chief Accountant
Zi Fang Zhang Executive Director & Vice President
Sector and Competitors
1st jan.Capitalization (M$)
CHINA SOUTHERN AIRLINES COMPANY-17.11%13 227
DELTA AIR LINES-1.07%39 163
AIR CHINA LTD.-12.09%22 532
RYANAIR HOLDINGS PLC3.44%22 217
UNITED CONTINENTAL HOLDINGS INC6.45%20 427
INTERNATIONAL CONSOLIDATED AIRLINES GROUP-6.14%17 558