Six car­ri­ers win lucky draws for air­port slots

China Daily (Canada) - - BUSINESS -

Six do­mes­tic air­lines won the draw of seven pairs of flight slots at Shang­hai Pudong In­ter­na­tional Air­port onWed­nes­day, the first time for the au­thor­i­ties to use a dra­won slots re­sources as­sign­ment at the air­port. The six car­ri­ers are Shang­hai Air­lines, China East­ern Air­lines, West Air, Xi­a­men Air­lines, Chongqing Air­lines and Spring Air­lines. The lot win­ners have three-year us­age rights of the slots to Jan 31, 2019. They also need to pay some us­age fees and they will be charged as 0.8 to 1.2 times the ba­sic price, which is 344,000 yuan ($52,350)for each pair of the slots in three years. record, is not done in­vest­ing in the fi­nan­cial cap­i­tal. An­bang in Novem­ber agreed to buy HRG Group Inc’s Fi­delity & Guar­anty Life for about $1.6 bil­lion in cash, ex­pand­ing in­vest­ments in the world’s big­gest econ­omy af­ter clos­ing the pur­chase ofWal­dorf As­to­ria for $1.95 bil­lion. The buy­ing spree since then has also in­cluded an of­fice prop­erty from Black­stone Group LP and fi­nan­cial com­pa­nies in­clud­ing Bel­gian in­surer Fidea NV and South Korea’s Tongyang Life In­sur­ance Co. con­soles and an eco­nomic slow­down in China. Shares of the com­pany, which is in the process of sell­ing some of its as­sets to cut costs, fell about 6 per­cent to $1.83 in ex­tended trad­ing. AMDhas been shift­ing to gam­ing con­soles and low-power servers, but progress has laggedWall Street ex­pec­ta­tions due to in­tense com­pe­ti­tion from In­tel Corp and Nvidia Corp. China ac­counted for 42.2 per­cent of AMD’s rev­enue in 2014. pop­u­lous na­tion to tackle cli­mate change re­sulted in less of the fuel be­ing burned. That equates to 144.9 mil­lion met­ric tons of car­bon emis­sions that did not en­ter the at­mos­phere be­cause of the re­treat from coal, ac­cord­ing to the China Elec­tric­ity Coun­cil and the Na­tional En­ergy Ad­min­is­tra­tion.

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