Hong Kong-- Hong Kong flag carrier Cathay Pacific(0293.HK) released its 2023 Annual Result on Wednesday, marking its first profitable year after three years during the COVID-19 pandemic. The Cathay Group reported an annual profit of 9.8 billion Hong Kong dollars ($1.25 billion), the highest recorded profit since 2010. The profit includes a profit of HK$433 million from HK Express (an LCC acquired by the Cathay Group in 2019) and a non-cash gain of HK$1.9 billion from its dilution of interest in Air China. This arises from Cathay not participating in Air China's additional share issuance in 2023. Patrick Healy, the Chair of Cathay, said in the statement, "In 2023, we finally left the Covid-19 pandemic behind us." And the CEO, Ronald Lam, said, "We are ready to unleash the potential and innovation of our next exciting phase of development – Cathay is back!" Cathay Group pushed back its plan to restore flights to pre-pandemic level, from the end of 2024 to the first quarter in 2025 while it expects to reach 80% of flights within…

[caption id="" align="alignnone" width="4928"] An Air China Boeing 777-300ER to land at Beijing Capital International Airport(PEK/ZBAA)[/caption] BOSTON -- The U.S. DOT announced that they will allow Chinese carriers to operate 50 U.S. flights per week from March 31, a significant increase from the current 35 weekly flights. It is a move to bring flights back to the time before COVID, but there is still a long way to go. The DOT said in the statement that it is a huge step to bring flights back, "a significant step forward in further normalization of the US-China market in anticipation of the summer 2024 traffic season". Before COVID in the first month of 2020, there were more than 300 round-trip flights between China and the U.S., with roughly half operated by Chinese carriers and the other half by American carriers. In May 2023, the DOT boosted flights operated by Chinese carriers from 8 to 12 per week. until Sept. 1,2023, Starting Sept.1, 2023, the number was increased to 18, later from Oct. 19 it was increased to…

BOSTON — Canadian ultra-low-cost carrier (ULCC) Lynx Air has announced that it will cease its services on February 26 and has filed for court protection from creditors under the Companies' Creditors Arrangement Act (CCAA). Lynx Air is a start-up Canadian budget airline based in Calgary, Alberta. It has logged a mere 22 months in operation, serving routes within Canada as well as destinations in the United States and Mexico. It was planning to start service between Toronto (YYZ) and Boston from March 28. In the statement it released, the reason for stopping service is attributed to "financial pressures associated with inflation, fuel costs, exchange rates, cost of capital, regulatory costs, and competitive tension in the Canadian market have ultimately proven too steep a mountain for our organization to overcome." The company stated in the FAQ section that they will not be available to assist with refunds and asked customers to contact their credit card company to obtain refunds. The company is also going to void all the travel vouchers and flight vouchers once it ceases…

BEIJING — The Beijing subway opens new stations on Line 11, Line 16, and Line 17 this morning. The newly opened phases increase the total operating distance to 836 km (519 miles), surpassing the Shanghai Metro (825 km/513 miles) to become the longest subway system in Greater China. The opening of 13 stations includes the north phase of Line 17, the final phase of Line 16, and Moshikou Station on Line 11. The north phase of Line 17 includes 10 stations, from Future Science City North to Workers’ Stadium. Nine of the stations opened today while Wangjing West Station remains closed due to construction. The four stations in the middle phase are still under construction. Therefore passengers will not be able to interchange for Lines 13&15 at Wangjing West Station or travel from the north phase of Line 17 to the south phase of Line 17 directly. Wanpingcheng and Hongtaizhuang are the two stations on the Final phase of Line 16. They are opened today with SuzhouJie station, the interchange Station with Line 10 that…

Boston–On Monday, the MBTA’s Union Square branch and Union Square Station began operation. The Union Square Branch is the first branch after 35 years. Another part of the Green Line Extension, the Medford branch with 5 stop till Tufts will open later this year. As the same part of Green Line extension with the Union Square Branch, the MBTA also debuts the renovated Lechmere Station. Before passenger board the T in Union Square and Lechmere station, passenger are require to validate their ticket before boarding. Click the video for full story. update on Apr 6th,2022