Sanonda is currently controlled by CNAC
, which owns approximately 20.
The fund doubled its earnings in 2015, so we've been able to counteract the impact of the current hyperinflation," says CNAC
president Juan Carlos Lossada.
It held that the tax-free distributions from CNAC
had economic consequences since they reduced the shareholders' ability to deduct their share of future losses of CNAC
and reduced CNAC
The Associated Press reported that China Eastern stated that it 'doubted the sincerity of the CNAC
offer', which was made in a letter that reportedly did not contain the endorsement of the company's directors.
is a Hong Kong-listed company owned by Air China and holds a 43.
With the devolution of absolute control from the CNAC
down to the regions and airports, we are seeing much more local initiative, and the CNAC
wants to encourage such local participation in the airports,' says Stewart.
Air China parent CNAC
intends to move forward with its acquisition of a stake in East Star Airlines despite the Wuhan-based carrier's "strong opposition" to its "forceful purchase.
Cathay said its CNAC
stake is valued at more than HK$181 million ($23.
The buyout would revamp the intertwined shareholding structures of major players in the regional aviation sector, including Cathay, CNAC
, Air China and CITIC Pacific, the daily said.
Li Jiaxiang, Chairman of the Board, by holding CNAC
as a wholly-owned subsidiary, Air China is able to control its operation directly.
Nous apprenons, des sources bien informees aupres du CNAC
(Conseil National de l'Aviation Civile), qui etait ce matin en reunion pour statuer sur la demande de la compagnie Syphax Airlines pour reprendre ses activites, que [beaucoup moins que] le Conseil a discute ce qui lui a ete presente, en tenant compte de l'article 108 du Code de l'aviation civile et decide qu'il lui est impossible, pour le moment, de renouveler les autorisations (AOC et Permis de Navigabilite) de la compagnie Syphax Airlines [beaucoup plus grand que].
East Star Airlines was forced to suspend operations Sunday by CAAC owing to its heavy debt burden and the collapse of a stake sale deal with Air China parent CNAC