Categories
Old Content Transport & Logistics

China Eastern-Shanghai Airlines merger may boost profit

China Eastern Airlines is to be a full member of an international aviation alliance as of April, indicating the flights of China Eastern and Shanghai Airlines will integrate.

China Eastern chairman Liu Shaoyong said the new company, after the merger of the two air carriers, is expected to see profit expand by $147 up to $200 million.
 
The combination of China Eastern Airlines and Shanghai Airlines will help Shanghai further increase local aviation industry consolidation and build Shanghai itself even more into a aviation hub. In a move to attracte more passengers, the new airline has launched flights linking the Shanghai Pudong New Area with some central, southern and eastern Chinese cities like Nanchang, Hefei, Nanjing, and Ningbo.
 
Trading Markets reports that In the meantime, the company will make efforts to gained more capital injection and bringing in strategic investors and finance investors to take the asset-liability ratio to below 85%.
 
 
 

Leave a Reply

Discover more from China Economic Review

Subscribe now to keep reading and get access to the full archive.

Continue reading