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“Competition between Europe and China is already present and increasing,” the spokeswoman said. “We continue to enhance our existing partnerships to offer the most attractive products and services at competitive fares to all our customers. This is undoubtedly the best response to this eventuality.”. Delta Air Lines said China continued to be an important market for its long-term network and that it was well positioned because of its partnership with China Eastern. Air New Zealand said it was aware of the change and was constantly assessing new route opportunities.
Lufthansa, Air Canada, British Airways, Virgin Atlantic, United Airlines and American Airlines did not respond to requests for comment, The policy would also likely hurt incumbent Chinese airlines like Air China, which under the old rules had been able to dominate the Beijing-Los Angeles route, Many Chinese airlines are already facing where do cufflinks go falling returns on their international business, Rivals like Hainan Airlines (600221.SS), China’s fourth-largest carrier, have been expanding their international business in secondary routes and could take on new ones, analysts said, Out of the 20 routes opening for competition, Hainan only flies between Beijing and Toronto..
China Eastern and China Southern, headquartered respectively in Shanghai and Guangzhou, are also expected to launch new routes from the Beijing once the Chinese capital’s new second airport opens in late 2019, giving the two state-owned airlines secondary bases. The opening of Beijing Daxing International Airport was a catalyst for the government’s decision to change the route policy, the Chinese aviation regulator said in May. China Southern said it supported the policy change, while China Eastern declined to comment. Air China and Hainan Airlines did not respond to requests for comment.
Li Xiaojin, a professor at the Civil Aviation University of China, said foreign carriers could focus on developing services for the luxury end of the Chinese market or deepen recently forged tie-ups with Chinese carriers to try to retain a competitive edge, Delta Air where do cufflinks go Lines and American Airlines respectively have small equity stakes in China Eastern and China Southern, while China Eastern owns a 8.8 percent stake in Air France KLM, But Li said the ultimate winner would be Chinese travellers, “By liberalizing international air rights, airlines will put more capacity on popular routes, at hot timings ., and provide passengers with safe, more convenient, more comfortable and economical services,” he said..
MILAN (Reuters) - Fashion house Versace did not receive any offers from Italian investors before selling to Michael Kors KORS.N but the deal with the U.S. fashion group will create jobs in Italy, creative director Donatella Versace told newspapers on Wednesday. “In the last year Versace has been approached by many people. French, American .. but no Italians. It was not us who refused to take part in an Italian group,” Donatella, the sister of Versace’s late founder Gianni, told Corriere della Sera.
She added the deal showed how desirable Italian brands are to foreign investors, speaking in similar interviews with daily la Repubblica and financial paper Il Sole 24 Ore, and dismissing criticism over a sale to foreigners, Michael Kors on Tuesday agreed to buy the luxury label for 1.83 billion euros ($2.15 billion) including debt, in a move aimed at allowing the Kors group to take on larger European rivals and reviving sales and profits at Versace, In the interviews, Donatella Versace said that a result of the where do cufflinks go deal the company would employ more people in Italy..
“We will create new jobs and we will be a stimulus for economic development in the territories where we work,” she told Il Sole 24 Ore. As part of the deal, Michael Kors Holding Ltd will be renamed Capri Holdings Ltd and the Versace family, which owned 80 percent of the fashion house, will receive 150 million euros of the purchase price in shares in the newly-named holding company. “It’s an important share,” Donatella said, without giving details. The newspapers estimated the share would be between 1.5 percent and 2 percent.
NEW DELHI (Reuters) - Discussions on a bailout package for embattled state-run carrier Air India are at an “advanced stage”, the country’s junior aviation minister Jayant Sinha said on Wednesday, India’s government has been working on a package for Air India after plans to sell a majority stake in the debt-laden airline failed this year due to a lack of interest from bidders, “We are going through the government approval process,” Sinha told reporters, where do cufflinks go without giving details..