News for China Eastern Airlines
Mar 22 · 9:22:00 AM · Source: iStockAnalyst
The merger of China Eastern Airlines (NYSE:CEA) and Shanghai Airlines will save 680 million yuan of investment for the new China Eastern this year, noted Ma Xulun, general manager of China Eastern, according to iStockAnalyst.
Ma said that the two airlines' business restructuring is progressing. So far the marketing, IT, and ground service businesses have been basically completed. The restructuring program for the cargo and logistics business is still being formulated. The airline industry worldwide, continues to redesign itself in hopes of creating a more profitable and more efficient transportation industry.
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by Steve Wieczorek
Mar 17 · 11:53:00 AM · Source: China Economic Review
China Eastern Airlines (NYSE:CEA) received its parent’s stake in a cargo venture with Singapore Airlines as part of a plan to consolidate the carrier’s air-freight operations, according to China Economic Review. Chairman Liu Shaoyong said China Eastern has already taken over management of Great Wall Airlines. Great Wall Air is 51% owned by China Eastern Air, 25% by Singapore Air’s cargo unit and 24% by Temasek, the Singapore state-owned investment company.
BusinessWeek reports the carrier has begun to reorganize operations after buying Shanghai Air to boost its market share in its home city. China Eastern also faces increasing competition in the freight market from a planned Air China-Cathay Pacific venture.
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by Steve Wieczorek
Mar 8 · 3:19:00 PM · Source: Travel Blackboard
China Eastern Airlines (NYSE:CEA) has signed a multi-million dollar deal with Sabre to provide its Sabre AirVision Network planning & scheduling solutions to the airline, according to Travel Blackboard. Shanghai-based CEA, one of China’s largest airlines, recently gained approval for the acquisition of Shanghai Airlines
In addition to its takeover of Shanghai Airlines, CEA has also signed a firm order of 16 Airbus A330s to be delivered between 2011 and 2014. These new planes will be used mainly on routes to Europe, the US and Australia. While facing fierce competition in the domestic network, CEA is bullish about its international plans.
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by Steve Wieczorek
Mar 2 · 12:28:00 PM · Source: ETravelBlackboardAsia.com
Speaking to Reuters, a China Eastern Airlines (NYSE:CEA) senior executive, who asked not to be identified, said the carrier was looking to join either Star Alliance, oneworld or SkyTeam in order to boost its profile, according to E-TravelAsia.com. He said the carrier did not have a preferred partner so far despite Shanghai Airlines, which China Eastern recently acquired, being a part of Star Alliance.
China Eastern spokesman Luo Zhuping confirmed the reports but declined to say when a decision on which one to join would be made. However, as previously reported in MarketBeast, China Eastern is in advanced talks with AMR Corp (NYSE:AMR), American Airlines parent to bring it into the oneworld Alliance.
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by Steve Wieczorek
Feb 26 · 3:38:00 PM · Source: Alibaba.com
China Eastern Airlines (NYSE:CES) announced Thursday that it will launch a business integration between its Beijing branch and Beijing-based Shanghai Airlines (SAL), according to the China Business News and Alibaba.com.
The integration will include route networks, marketing management and security services. The action will ensure flight operations in Beijing during the 2010 Shanghai Expo.
"Shanghai Airlines will shift from Terminal 3 to Terminal 2 in Beijing Capital International Airport before March 28. And CES and SAL will operation on a combined basis", said Qiu Hongping, an official with CES responsible for the project. CES and SAL aim to expand the market share in Beijing through their consolidation. And the joint operation which is expected to be finished in March in Beijing marks the beginning of a new China Eastern Airlines, said Qiu.
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by Steve Wieczorek
Feb 26 · 2:55:00 PM · Source: The China Perspective
China Southern Airlines (NYSE: ZNH) is set to receive another ¥1.5 billion ($1 = ¥6.83) in government funding after an injection of the same size last month, the nation's biggest carrier said Tuesday, according to The China Perspective. The news is an impetus to the Guangdong province-based airline's talks for a partnership with Air France that has dragged on for two years. The joint venture is expected to operate the Guangzhou-Paris flight in October.
China Southern Airlines is Chinas largest airline and operates 342 jet aircraft serving destinations to 841 cities in 162 countries
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by Steve Wieczorek
Feb 25 · 3:48:00 PM · Source: Businessweek.com
China Eastern Airlines Corp. (NYSE:CEA), the nation’s second-largest carrier, denied a media report saying it’s seeking to sell a 20 percent stake to investors in the Middle East and Europe. “There’s no such plan,” Board Secretary Luo Zhuping said today, denying an Emirates Business report. He declined to comment on whether the carrier had resumed talks with Singapore Airlines Ltd. on a share sale.
China Eastern is on the look out for strategic investors in the Middle East and Europe, Emirates Business said today, citing Xu Zhao, Chief Financial Officer of parent China Eastern Air Holding Co. The Shanghai-based carrier failed to sell a 24 percent stake to Singapore Air and its parent in 2008. China Eastern is “actively seeking a strategic investor” and would like to find a partner this year, President Ma Xulun said.
In addition, China Eastern Airlines is in advanced talks with AMR Corp (NYSE:AMR), American Airlines parent to bring it into the Oneworld alliance, AMR's Chief Financial Officer Tom Horton said on Wednesday.
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by Steve Wieczorek
Feb 17 · 3:10:00 PM
China Eastern Airlines, (NYSE:CEA) and its joint venture partner, Pratt & Whitney, a United Technologies Corp. (NYSE:UTX) company,today opened an advanced, environmentally friendly CFM56® engine overhaul facility in the Qingpu district of Shanghai.
The Shanghai Engine Center has capacity to overhaul up to 300 engines annually. Within approximately three years, the center will service CFM56-3, 5B and 7 engines and employ 800 people. The building was designed and built to meet the U.S. Green Building Council’s Leadership in Energy and Environmental Design (LEED®) Platinum standards.
At least three percent of the Shanghai Engine Center’s energy will be produced from on-site renewable sources including solar thermal, solar electric and wind power. Many energy-saving features and high performance features are included in the LEED design to provide even greater energy efficiency.
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by Steve Wieczorek
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