Thursday, April 24, 2025

author photo


China Eastern Airlines Corporation Limited (simplified Chinese: 中国东方航空公司; traditional Chinese: 中國東方航空公司), also known as China Eastern, is an airline headquartered in the China Eastern Airlines Building, on the grounds of Shanghai Hongqiao International Airport in Changning District, Shanghai. It is one of the "Big Three" airlines (alongside Air China and China Southern Airlines) of the People's Republic of China, operating international, domestic and regional routes. Hongqiao airport, along with the larger Shanghai Pudong International Airport, are China Eastern's main hubs, with secondary hubs in Beijing Daxing, Kuming, and Xi'an.


China Eastern Airlines is China's second-largest carrier by passenger numbers after China Southern Airlines. China Eastern and its subsidiary Shanghai Airlines became the 14th member of SkyTeam on 21 June 2011. The parent company of China Eastern Airlines Corporation Limited is China Eastern Air Holding Company.


China Eastern Airlines was established on 25 June 1988 under the Civil Aviation Administration of China Huadong Administration. In 1997, China Eastern took over the unprofitable China General Aviation and also became the country's first airline to offer shares on the international market. In 1998, it founded China Cargo Airlines in a joint venture with COSCO. In March 2001, it completed the takeover of Great Wall Airlines. China Yunnan Airlines and China Northwest Airlines merged into China Eastern Airlines in 2003. The company slogan is World-Class Hospitality with Eastern Charm (世界品位,东方魅力).



The Chinese government has a majority ownership stake in China Eastern Airlines (61.64%), while some shares are publicly held (H shares, 32.19%); A shares, 6.17%. On 20 April 2006, the media broke the news of a possible sale of up to 20% of its stake to foreign investors, including Singapore Airlines, Emirates and Japan Airlines, with Singapore Airlines confirming that negotiations were underway.


After receiving approval from the State Council of China, it was announced that on 2 September 2007, Singapore Airlines and Temasek Holdings (holding company which owns 55% of Singapore Airlines) would jointly acquire shares of China Eastern Airlines. On 9 November 2007, investors signed a final agreement to buy a combined 24% stake in China Eastern Airlines: Singapore Airlines would own 15.73% and Temasek Holdings an 8.27% stake in the airline.
Singapore Airlines' pending entry into the Chinese market prompted the Hong Kong carrier Cathay Pacific to attempt to block the deal by buying a significant stake in China Eastern and voting down the deal together with Air China (which already held an 11% stake in China Eastern) at the shareholders' meeting in December 2007. However, on 24 September, Cathay Pacific announced that it had abandoned these plans.


Air China's parent company, state-owned China National Aviation Corporation, announced in January 2008 that it would offer 32% more than Singapore Airlines for the 24% stake in China Eastern, potentially complicating the deal that Singapore Airlines and Temasek had proposed. However, minority shareholders declined the offer made by Singapore Airlines. It is thought that this was due to the massive effort made by Air China to buy the 24% stake.



On 11 June 2009, it was announced that China Eastern Airlines would merge with Shanghai Airlines. The merger of China Eastern and Shanghai Airlines was expected to reduce excess competition between the two Shanghai-based carriers while consolidating Shanghai's status as an international aviation hub. In February 2010, the merger was completed. Shanghai Airlines became a wholly owned subsidiary of China Eastern Airlines. However, Shanghai Airlines retained its brand and livery. The new combined airline was expected to have over half of the market share in Shanghai, the financial hub of China. China Eastern Airlines also acquired China United Airlines in October 2010.


In March 2012, it was announced that China Eastern was forging a strategic alliance with the Qantas Group to set up Jetstar Hong Kong, a new low cost airline to be based at Hong Kong International Airport, which would commence operations in 2013. China Eastern would hold a 50% stake in the new airline, with the Qantas Group holding the other 50%, representing a total investment of US$198 million. However, in June 2015, the Hong Kong authority refused to issue operating license to Jetstar Hong Kong. China Eastern and Qantas subsequently announced the end of the investment.


In April 2013, China Eastern got a temporary permit to operate in the Philippines, but the Civil Aviation Authority of the Philippines required them to obtain a technical permit and an airport slot.



In 2012, China Eastern was awarded the “Golden Ting Award” at the China Capital Market Annual Conference 2012, recognizing it as one of the 50 most valuable Chinese brands by WPP and ranking in the top ten of FORTUNE China's CSR ranking 2013.


On 9 September 2014, China Eastern introduced a new logo and new livery.
In 2015, the airline entered a partnership with Delta Air Lines in which Delta will buy a 3.55% share in China Eastern for $450 million.


China Eastern from 30 June 2015, launched new service to the US, as the Skyteam member plans three weekly Chengdu – Nanjing – Los Angeles operation with Airbus A330-200 (twin-jet) (A332) aircraft.



In 2017, China Eastern Airlines reported a net profit of CNY6.4 billion ($983 million), up 41% over net income of CNY4.5 billion in 2016.


On 26 February 2020, China Eastern Airlines launched OTT Airlines as a subsidiary to operate domestically produced aircraft, such as the Comac C919 and Comac ARJ21, in the Yangtze Delta region in addition to business jet operations.


China Eastern Airlines has a strong presence on routes in Asia, North America and Australia. The airline looks to exploit the domestic market potential as it boosts flight frequencies from Shanghai to other Chinese cities. The airline is also accelerating the pace of international expansion by increasing flight frequencies to international destinations. In 2007, it began operations to New York City from Shanghai, making it the longest non-stop route for the airline. In 2016, China Eastern Airlines also launched direct flights from Shanghai to Prague, Amsterdam, Madrid and St. Petersburg.



China Eastern Airlines has codeshare agreements with the following airlines:


As of February 2021[update], the China Eastern Airlines fleet consists of the following aircraft:


China Eastern Airlines was the first Chinese airline to place an order with Airbus. The backbone of the fleet is the A320 series, which are used primarily on domestic flights.



In 2005, China Eastern Airlines placed an order for 15 Boeing 787 Dreamliners. The airline subsequently cancelled its order owing to continuous delays, instead swapped the 787 order for Boeing 737 Next Generation aircraft,


On 18 October 2011, China Eastern Airlines placed an order for 15 Airbus A330s.






Complete article available at this page.

your advertise here

This post have 0 komentar


EmoticonEmoticon

Next article Next Post
Previous article Previous Post

Advertisement

Themeindie.com