China Eastern has a seat share of 22% in the domestic market and is among the top three state-owned airlines in China.
Established on April 14, 1995, based in Shanghai, China Eastern Corporation Limited is one of the three largest air carriers in China.
United Technologies (UTX) has set a target for $65 billion of net sales for the year with an EPS range of $6.75 to $6.85, which is a growth of about 9% from last year.
Rapid urbanization in developing economies such as the BRIC nations (Brazil, Russia, India and China) has made Asia Pacific one of the most lucrative markets for airliners.
United Technologies’ change in business model from sales to servicing will likely generate strong growth in China.
As developed economies such as the US and China grow at a slower pace, other emerging economies are poised to be the next growth markets.
United Technologies uses innovative technologies to design and build the next generation of jet engines and aerospace systems.
United Technologies has five stable and profitable businesses. This article will discuss United Technologies’ core strengths that have fueled its growth.
United Technologies Sikorsky segment is a world leader in the design, manufacture, and service of military helicopters, commercial helicopters, and fixed-wing aircraft.
United Technologies’ Propulsion and Aerospace segment was formed in 2011 as a combination of Pratt & Whitney and UTC Aerospace Systems.
The Building and Industrial segment is United Technologies’ largest business segment, forming 46% of the company’s total revenues.
United Technologies is a business conglomerate that develops technologies, systems, and services for the aerospace, construction, and security industries.
Star Bulk Carriers is slightly more bullish on the iron ore ton mile side due to the expected increase in the Brazilian export share to China.
Star Bulk’s deliveries for 2008–2012 average delivery slippage stood at ~30% compared to ~39% in 2013. Forecast delivery slippage is at 35% for 2014 and 40% for 2015.
Star Bulk believes the recent coal import restrictions were minimal, while the freight rate agreement signing between Australia and China can be a positive development.
Star Bulk management stated that commodity demand remains healthy, while substantial supply expansion has resulted in surpluses across various commodity markets.
This part covers Star Bulk’s cash flow numbers given the company’s rapid expansion of its fleet size through acquisitions and other related developments.
Star Bulk’s management fee income is at $0.3 million compared to $0.5 million for 3Q13, due mainly to a decrease in the number of vessels under management.
Star Bulk obtained commitments for $157.0 million of post-delivery debt financing, secured by mortgage collateral on eight newbuilding Ultramax vessels.
Due to rapid expansion, Star Bulk’s financing levels are higher compared to its industry peers.