Mexico City, March 10, 2021 – Cooperating with DHL Global Forwarding, Aeromexico managed to achieve its first flight in its history to Russia operating a cargo charter flight. The flight departed from Mexico City on March 8, with a stopover in Madrid, Spain. The flight continued on to Moscow Sheremetyevo International Airport in Russia, landing on March 9. Following cargo loading, the Boeing 787 Dreamliner aircraft took off for the return flight to Mexico City, once again stopping over in the Spanish capital.
Aeromexico, in the last 12 months, has landed its Dreamliner aircraft at 20 new airports in 14 countries including: Belo Horizonte, Cabo Frio, Cali, Fortaleza, Frankfurt, Guatemala, Guayaquil, Hong Kong, Kingston, Moscow, Panama, Porto Alegre, Quito, Santo Domingo, San Jose, San Pedro Sula, San Salvador, Shenzhen, Winnipeg, and Wuhan.
Since the start of the pandemic, Aeromexico has transported more than 6,400 tons of cargo on 325 charter operations to ship medical supplies and other necessary goods to Mexico, as well as 16 countries. Aeromexico Cargo operates in more than 40 airports in Mexico, and several other destinations including the USA, Canada, Central America, South America, Asia, and Europe. The most common cargo carried includes medical supplies, pharmaceuticals, perishable goods, live animals, and high technology consumer and corporate items.
Volkswagen logo is seen on a Teramont X SUV displayed at the second media day for the Shanghai auto show in Shanghai
HONG KONG/BEIJING (Reuters) – Volkswagen AG <VWAGY> is set to take a 20% stake in Chinese electric vehicle battery maker Guoxuan High-tech Co Ltd, two sources told Reuters, as the German firm accelerates its electric push into the world’s largest auto market.
The deal would mark Volkswagen’s first direct ownership in a Chinese battery maker and comes as the Wolfsburg-based automaker strives to meet a goal of selling 1.5 million new energy vehicles (NEVs) a year in China by 2025, including plug-in hybrid cars.
The top foreign automaker in China plans to acquire the stake in Shenzhen-listed Guoxuan via a discounted private share placement in the coming weeks, the two sources with knowledge of the matter said. Based on Guoxuan’s market capitalization of $2.8 billion, a 20% stake in the company at present is worth about $560 million.
The deal’s details have been mostly finalized and the two firms are waiting for new Chinese regulatory rules on private share placements that will provide a more flexible pricing mechanism and shorter lock-up periods for majority shareholders, said one of the people, speaking on condition of anonymity.
After the stake purchase, Volkswagen will become the battery maker’s second-largest shareholder with a 20% stake, behind Zhuhai Guoxuan Trading Ltd, a firm controlled by Guoxuan’s founder Li Zhen, which currently holds 25%.
Guoxuan is among a swathe of mid-tier Chinese battery makers behind CATL and BYD. It is based in China’s eastern city of Hefei, where Volkswagen is also building electric vehicles with JAC Motor, one of a number of its Chinese joint venture partners.
A third source, who declined to be named due to the sensitivity of the matter, said Volkswagen has long wanted to control a battery maker to better manage its supply chain.
Volkswagen declined to comment. Guoxuan and the China Securities Regulatory Commission did not immediately respond to requests for comment.
To achieve its NEV sales goal in China, Volkswagen has built a new $2.5 billion electric vehicle plant with partner SAIC Motor that will have annual output capacity of 300,000 cars and is also revamping manufacturing facilities in China’s southeastern city of Foshan to build electric cars with partner FAW Group.
Volkswagen has also identified CATL as a strategic supplier and Volkswagen board member Stefan Sommer told Reuters in July last year that it could even build its own battery cell manufacturing plants in China.
“By holding a stake in the top Chinese battery makers, carmakers can gain more bargaining power on battery prices,” said Yale Zhang, managing director of Shanghai-based consultancy AutoForesight. “Foreign carmakers are now catching up with their Chinese counterparts on securing battery supplies in China.”
Volkswagen’s rivals in China include Tesla, which earlier this month began delivering cars from its $2 billion factory in China. The U.S. electric car maker eventually plans to manufacture 250,000 vehicles a year in the plant’s first phase.
China has been a keen supporter of NEV – pure battery electric, hybrid and plug-in hybrids – and has started implementing NEV sales quota requirements for automakers.
However, cuts to subsidies have dealt the market a blow, with NEV sales contracting for the first time last year. Sales this year are likely to be flat or rise only slightly, according to China’s top auto industry association.
(Reporting by Julie Zhu in Hong Kong and Yilei Sun in Beijing; Additional reporting by Zhang Yan and Zhang Xiaochong in Beijing; Editing by Brenda Goh and Richard Pullin)
Newly opened hotel in the heart of Yantian District of Shenzhen brings Hyatt Regency brand’s signature hospitality and connecting guests to the booming city
Hyatt Hotels Corporation (NYSE:H) today announced the opening of Hyatt Regency Shenzhen Yantian in the east Guangdong Province, China. The 298-room hotel aims to bring the Hyatt Regency brand’s signature intuitive service and energizing experiences to business and leisure guests alike.
As part of a newly concepted Recreational Business District, Hyatt Regency Shenzhen Yantian is located in the heart of Yantian District, neighboring Dameisha Beach and Overseas Chinese Town East along a 12 mile (19.5 kilometer) golden coast. Within an hour’s drive to Shenzhen Bao’an International Airport, the hotel is also half an hour to Shenzhen Railway Station and only a five minute drive to the Shatoujiao port of entry to Hong Kong.
“We sincerely appreciate the support from our owner Shenzhen Vanke Binhai Real Estate Ltd. and are excited to see the Hyatt Regency brand footprint grow in the Guangdong-Hong Kong-Macao Greater Bay Area (GBA),” said Stephen Ho, president, Greater China, global operations at Hyatt. “We look forward to welcoming our guests to Hyatt Regency Shenzhen Yantian with confidence for a world-class hospitality experience.”
Guestrooms
Hyatt Regency Shenzhen Yantian was designed by the renowned HEITZ PARSONS SADEK and features 298 contemporary guest rooms with varied dimensions ranging from 462 square feet to more than 2,300 square feet (43 square meters to 215 square meters). There are 20 suites, four Regency Executive Suites and one Presidential Suite, all of which are spacious and located on the 41st to the 50th floor. Select rooms offer gorgeous ocean views and all rooms feature high-quality amenities and panoramic French windows. Guests staying in Club Access Rooms and Suites can enjoy the exclusive Regency Club benefits on the 49th floor.
Dining and Drinking
The hotel offers several fine dining restaurants that cater to varying tastes and group sizes, including:
XIANGYUE, a Chinese Restaurant on the 6th floor providing authentic Cantonese flavors as well as cuisines of neighboring areas. A comfortable experience that feels like dining in a country village, the restaurant’s layout includes a “Dai Pai Don” style open kitchen offering guests a high-touch taste of Cantonese life.
Market Café is a stylish all-day dining restaurant where guests can enjoy a collection of global delicacies. Whether buffet breakfast and dinner, or all-day a la carte service, Market Café will satisfy any taste with a flavorful option. The Lounge is the ideal place to gather friends or family and enjoy themed afternoon tea and various hand-crafted cocktails. Guests can also visit the Sky Lobby, ideal for connecting with colleagues over a vibrant scenery. For a stress-free meal, the hotel offers 24-hour in-room dining services with a range of selections available anytime.
Meetings and Events
To build a dynamic experience for groups that feels connected, motivated and inspired, the hotel events team will be at hand to support customers during conferences, special events and weddings. The hotel offers nearly 25,000 square feet (2,321 square meters) of meeting and event space in total, including a 12,916 square foot (1,200-square meter) pillar-free grand ballroom and five salons equipped with high-tech audio and video systems. Additionally, the ballroom foyer provides more than 6,500 square feet (612 square meters) of flexible pre-functional space to perfectly showcase the creativity of any event.
The scenic surroundings at Hyatt Regency Shenzhen Yantian create the perfect backdrop for weddings of all sizes. A bridal suite with separate fitting room and living room is situated right beside the grand ballroom to deliver a brilliant wedding experience.
Wellbeing
Guests can relax in the hotel’s refreshing outdoor pool or work out anytime at the hotel’s fully equipped fitness center featuring state-of-the-art equipment.
“Inspired by the hotel’s surroundings, the hotel was built with the concept of bringing the forest into the city, offering guests a place to take a deep breath of fresh air and bask in the beautiful scenery,” said Mary Liu, general manager of Hyatt Regency Shenzhen Yantian. “As a bridge between GBA and the Pearl River Delta area, Shenzhen is at the core of this booming region. We are delighted to deliver Hyatt’s well-known expertise in food and beverage and full range of services and amenities for a productive stay.
SHANGHAI (Reuters) – China Southern Airlines will carry out an equity diversification plan that will involve the injection of 30 billion yuan ($4.36 billion) of capital from three investors, the firm announced on Saturday.
The Guangdong Hengjian Investment Holding Corporation, the Guangzhou Urban Construction Investment Group and the Shenzhen Penghang Equity Investment Fund will each inject 10 billion yuan into the airline, as part of the country’s efforts to diversify ownership structures among state-owned firms.
The move will significantly improve the company’s debt-to-asset ratio, generate funds for its growth and help modernize its decision-making mechanisms, the announcement said.
It will also use the funds to serve its main air transportation business, pay for construction related to China’s Belt and Road Initiative and support aviation development in cities in the southern province of Guangdong.
China Southern is one of 96 enterprises owned and administered directly by the central government. Its profits slumped nearly 50% last year as a result of rising fuel costs and a weak yuan currency.
(Reporting by David Stanway; Editing by Himani Sarkar)
In keeping with todays architecture theme, reporter India Block picks 10 of the year’s best skyscrapers for our review of 2018, from one sporting a 100-metre-high waterfall to the northernmost tower block in the world.
Towering 170 metres over Milan, the Generali Tower expresses Zaha Hadid Architects’ signature curves in a helical twist that runs through the tower.
No two floors are aligned inside the 44-storey skyscraper, hence the nickname “the twisted one”. Now the city’s third-tallest building, it stands together with Arata Isozaki’s 202-metre high Allianz Tower and the incomplete 175-metre tall PwC tower by Studio Libeskind on Milan’s former expo site.
