Six carriers win lucky draws for airport slots
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.