China Eastern Airlines News
03-Feb-2010
CHINA :
Honeywell (NYSE: HON) announced today that it will provide Auxiliary Power Unit (APU) repair and overhaul services for China Eastern Airlines’ aircraft over the next 10 years. Terms of the agreement were not disclosed.
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18-Jan-2010
CHINA :
MAJOR TRANSACTION PURCHASE OF SIXTEEN AIRBUS A330 SERIES AIRCRAFT EXTENSION OF TIME FOR DESPATCH OF CIRCULAR
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12-Jan-2010
CHINA :
China Eastern Airlines (CEA.NYSE; 00670.HK; 600115.SH) and Shanghai Airlines will suspend their stock trading for the reorganization issue as from Tuesday.
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03-Dec-2009
CHINA :
Reference is made to (i) the announcement of the Company dated 10 July 2009 in relation to, interalia, the specific mandates for issuances of new A Shares and new H Shares of the Company (the ‘‘Announcement’’); (ii) the announcement of the Company dated 4 November 2009 relating to the conditional approval of the non-public issue of A Shares by the Public Offering Review Committee of CSRC; and (iii) the announcement of the Company dated 27 November 2009 relating to the approval of the issue of H Shares by CSRC. Terms used herein shall have the same meanings as ascribed to them in the Announcement.
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27-Nov-2009
CHINA :
This announcement is made pursuant to Rule 13.09(2) of the Rules Governing the Listing of Securities on the Stock Exchange of Hong Kong Limited.
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25-Nov-2009
CHINA :
China Eastern Airlines, a leading carrier in China, has formed a strategic alliance with Alibaba Group’s Alipay and Taobao subsidiaries to expand China Eastern’s capability to serve more customers through e-commerce.
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13-Oct-2009
CHINA :
Czech Airlines agreed to code-share cooperation with China Eastern Airlines on the route that the Chinese airline operates from Frankfurt am Main to Shanghai. The cooperation agreement will be signed by the end of this year. Code-share flights to China will appear in the Czech Airlines flight schedule from the 2010 summer season, which starts on 28 March 2010.
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27-Aug-2009
CHINA :
26-Aug-2009 China Eastern and the Civil Aviation University of China select flight training Australia for cadet pilot training.
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25-Jun-2009
CHINA :
On 23-June-2009, the Company received a notice from CEA Holding that CEA Holding has received on 23-Jun-2009 from CSRC the approval in relation to China Eastern Air Holding Company being granted a waiver from the obligation to make a general offer to acquire shares of China Eastern Airlines Corporation Limited in which, CSRC agrees to waive the obligation of CEA Holding to make a general offer in connection with the subscriptions of 1,437,375,000 new A Shares and 1,437,375,000 new H Shares by CEA Holding (together with its overseas wholly-owned subsidiary).
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07-Apr-2009
CHINA :
ALAFCO’s Chairman and CEO Ahmad Alzabin announced that the company succeeded in placing 3 aircraft whose leases expire in the first half of this year. The leases for 2 aircraft, an A320-200 and a B737-800, with China Eastern Airlines were extended for terms of 3-6 years.
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27-Mar-2009
CHINA :
The Company announces (26-Mar-09) that Ms Wang Taoying, due to her retirement, and Ms Yang Jie, due to her relocation of appointment, will no longer be an employee of the Company and thus will no longer serve as the employee representative supervisors of the Company.
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24-Mar-2009
CHINA :
China Eastern announced (23-Mar-09) they have planned 11 express routes services for the new summer schedule, including Shanghai-Beijing, Shanghai-Hong Kong, Shanghai-Guangzhou, Shanghai-Shenzhen, Shanghai-Xi’an, Shanghai-Kunming, Shanghai-Wuhan, Xi’an-Beijing and Kunming-Beijing etc.
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30-Jan-2009
CHINA :
American Airlines applied (28-Jan-09) to the US Department of Transportation for the renewal of its codeshare agreement with China Eastern Airlines on services from Los Angeles and San Francisco to Beijing and Shanghai.
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05-Jan-2009
CHINA :
China Eastern Airlines Corporation Limited has advised that, following a request made by the Company to the Shanghai Stock Exchange, trading in its A shares has been suspended with effect since 25-Dec-08, pending the release of an announcement by the Company regarding the proposed subscriptions of new A shares and new H shares in the Company by China Eastern Air Holding Company and CES Global Holdings (Hong Kong) Limited, respectively.
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22-Oct-2008
CHINA :
Starting 30-Oct-08, China Eastern Airlines will operate a new service from Copenhagen to Shanghai via Frankfurt. Passengers will once again be able to fly from Copenhagen Airport to Shanghai on China Eastern Airlines’ service to Frankfurt, which will be extended to Copenhagen twice a week: Thursdays and Saturdays.
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13-Oct-2008
CHINA :
(XFN-ASIA) China Eastern Airlines Corp Ltd said it expects to book a net loss for the first nine months of 2008 under Chinese accounting standards. The airline said in a statement to the Shanghai Stock Exchange that its operations had deteriorated significantly in the third quarter due to a slowing aviation market and a dramatic fall in transport demand from
a year earlier.
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18-Sep-2008
CHINA :
(XFN-ASIA) China Eastern Airlines said its passenger numbers slumped 23.1% year-on-year in August to 2.92 million.
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22-Aug-2008
CHINA :
(XFN-ASIA) - China Eastern Airlines said it flew 3.27 million passengers in July, down 10.66% from a year earlier, but up 19.04% from the previous month.
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11-Aug-2008
CHINA :
China Eastern Airlines Corporation Limited provided the following information to the Stock
Exchange of Hong Kong:
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07-Aug-2008
CHINA :
(XFN-ASIA) China Eastern Airlines Corp said its board has agreed to invest CNY50 million to set up a business-jet unit in order to improve services to high-end customers.
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31-Jul-2008
CHINA :
(XFN-ASIA) A-shares of Chinese airlines rose sharply in early trade after a further decline in oil prices, dealers said.
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31-Jul-2008
CHINA :
(XFN-ASIA) China Eastern Airlines will continue with talks to sell a stake to Singapore Airlines after the Olympic Games, the official China Daily reported.
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24-Jul-2008
CHINA :
(XFN-ASIA) - China Eastern Airlines Corp Ltd and Shanghai Airlines Co Ltd said they have not engaged in talks to merge.
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08-Jul-2008
CHINA :
(XFN-ASIA) - China Eastern Airlines Corp Ltd said it has signed an agreement to lease three Airbus A340 aircraft from ICBC Financing Leasing Co, a unit of Industrial and Commercial Bank of China.
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04-Jul-2008
CHINA :
(XFN-ASIA) - China Eastern Airlines (CEA) said that 13 pilots from its Yunnan province operation who were involved in 11 flight diversions in late March have been punished.
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01-Jul-2008
CHINA :
(XFN-ASIA) - China Eastern Airlines Corp Ltd expects to post a profit for the first half of the year, the carrier's chairman Li Fenghua told an annual shareholders meeting.
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18-Jun-2008
CHINA :
BEIJING (XFN-ASIA) - China Eastern Airlines said it flew 3.01 mln passengers in May, down 8.11 pct from a year earlier, and down 10.2 pct from the previous month.
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18-Jun-2008
CHINA :
HONG KONG (XFN-ASIA) - China Eastern Airlines shares were sharply lower after it said its passenger numbers dropped 8.11 pct in May from a year earlier, and were down 10.2 pct compared to April.
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05-Jun-2008
CHINA :
BEIJING (XFN-ASIA) - Nomura said it is maintaining its sell recommendation on China Eastern Airlines (CEA) as delays in introducing a strategic investor have put the Shanghai-based carrier under financial difficulties.
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21-May-2008
CHINA :
HONG KONG (Thomson Financial) - Shares of China Eastern Airlines were sharply higher in Hong Kong on Tuesday on speculation
that the mainland's third-largest carrier may revive plans to sell shares to Singapore Airlines.
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21-May-2008
CHINA :
HONG KONG (XFN-ASIA) - China Eastern Airlines (CEA) and other mainland airlines were higher on hopes of possible direct air links between China and Taiwan, despite broad market weakness.
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16-May-2008
CHINA :
(XFN-ASIA) - China Eastern Airlines said it carried 3.35 million passengers in April, down 0.33% from a year earlier.
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14-May-2008
CHINA :
SEATTLE-- A China Eastern Airlines (CEA) Boeing Next-Generation 737-700 completed a flight into China's Lijiang Airport to validate the capability and benefits of an advanced navigation method known as Required Navigation Performance (RNP).
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24-Apr-2008
CHINA :
- BEIJING (XFN-ASIA) - The southwest branch of the Civil Aviation Administration of China (CAAC) has officially announced the routes revoked from China Eastern Airlines over diversions of its aircraft in Yunnan.
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18-Apr-2008
CHINA :
BEIJING (XFN-ASIA) - The Civil Aviation Administration of China (CAAC) has completed its investigation into flight diversions at China Eastern Airlines and imposed penalties on the carrier for mismanagement, China Central TV reported.
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17-Apr-2008
CHINA :
HONG KONG (Thomson Financial) - Hong Kong-listed shares in China Eastern Airlines Corp continued to fall in afternoon trade on Wednesday, extending losses from the previous session on investor reaction to the company's weaker-than expected 2007 earnings and a bleak outlook for the current year.
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16-Apr-2008
CHINA :
BEIJING (XFN-ASIA) - China Eastern Airlines said it carried 3.17 mln passengers in March, up 1.12 pct from a year earlier.
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16-Apr-2008
CHINA :
HONG KONG (XFN-ASIA) - China Eastern Airlines Corp Ltd (CEA) has turned sharply lower, wiping out its early modest gains, despite reporting a return to profit in 2007.
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15-Apr-2008
CHINA :
BEIJING (XFN-ASIA) - China Eastern Airlines Corp Ltd said it swung to a net profit of 586.46 mln yuan in 2007 under Chinese accounting standards, compared with a net loss of 2.99 bln a year earlier, mainly on the back of higher traffic and higher load factors.
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08-Apr-2008
CHINA :
BEIJING (XFN-ASIA) - China Eastern Airlines (CEA) said the failure of some of its pilots in Yunnan to proceed to their intended destinations last month was due to human factors, and not weather-related as the company earlier claimed.
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07-Apr-2008
CHINA :
BEIJING (XFN-ASIA) - The Civil Aviation Administration of China said it has sent investigators to look into a series of China Eastern Airlines aircraft diversions.
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19-Mar-2008
CHINA :
BEIJING (XFN-ASIA) - China Eastern Airlines said it carried 2.89 mln passengers in February, up 2.6 pct from a year earlier.
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03-Mar-2008
CHINA :
BEIJING (XFN-ASIA) - China Eastern Airlines Corp and state-run aircraft maker China Aviation Industry Corp I, or AVIC I, have won approval to set up a new airline company, the General Administration of Civil Aviation said.
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29-Feb-2008
CHINA :
BEIJING (XFN-ASIA) - Citigroup said it has maintained its buy call and target price of 7.2 hkd on Hong Kong-listed China Eastern Airlines (CEA) after the carrier officially rejected a takeover proposal by China National Aviation Corp (CNAC), parent of Air China, to buy a stake in the mainland's third-largest carrier.
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29-Feb-2008
CHINA :
HONG KONG (XFN-ASIA) - After rejecting the overtures of Air China's parent company, China Eastern Airlines (CEA) will probably try a second time to persuade its minority shareholders to approve a strategic investment by Singapore Airlines (SIA), Nomura International Hong Kong said.
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28-Feb-2008
CHINA :
HONG KONG (Thomson Financial) - Hong Kong-listed China Eastern Airlines has rejected a proposal by China National Aviation Corp (Group) Ltd (CNAC), parent of Air China, to buy a stake in the mainland's third-largest carrier.
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28-Feb-2008
CHINA :
BEIJING (XFN-ASIA) - Fitch Ratings said it has affirmed China Eastern Airlines' B+ long-term foreign and local currency issuer default ratings to reflect the carrier's low profitability, high financial leverage, weak cash generation and substantial capital commitments.
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28-Feb-2008
CHINA :
HONG KONG (XFN-ASIA) - China Eastern Airlines was higher after the mainland carrier said it will not consider further proposals for capital and operational tie-ups made by Air China's parent China National Aviation Corp (CNAC).
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27-Feb-2008
CHINA :
China Eastern Airlines has issued a formal statement that it would give no further consideration to the China National Aviation Corporation (Group) Limited (“CNAC”) proposal for a strategic share purchase and partnership with Air China.
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26-Feb-2008
CHINA :
Hamilton Sundstrand, a subsidiary of United Technologies Corp., has signed an exclusive spare parts purchase agreement with China Eastern, which will include all Hamilton Sundstrand detail spare part purchases in support of China Eastern's component repair shops.
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21-Feb-2008
CHINA :
SINGAPORE (Thomson Financial) - Shanghai-based China Eastern Airlines said Wednesday it is in discussions to buy more aircraft and is looking at models that include the Airbus 320 and Boeing 737.
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19-Feb-2008
CHINA :
(XFN Asia) Singapore Airlines announced it will maintain its offers for China Eastern Airlines, with no plans to revise its bid for the carrier.
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18-Feb-2008
CHINA :
BEIJING (XFN-ASIA) - The General Administration of Civil Aviation of China, the country's aviation regulator, has approved China Eastern Airlines' plan to launch a joint venture carrier with aircraft maker China Aviation Industry Corp I (AVIC I), China Business News reported over the weekend.
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18-Feb-2008
CHINA :
China Eastern Airlines took delivery of the third of its three Airbus A300-600Fs at EADS EFW´s facility in Dresden, Germany. The carrier had previously operated the airframe as a passenger aircraft before the conversion into freighter configuration started in late Sep-07. China Eastern Airlines` first and second A300-600 aircraft were both converted in 2007.
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13-Feb-2008
CHINA :
HONG KONG (Thomson Financial) - Temasek Holdings and Singapore Airlines (SIA) plan to work with China Eastern Airlines in winning over the mainland carrier's stockholders, the South China Morning Post reported Tuesday, citing Temasek's managing director of investment Ong Beng Teck.
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13-Feb-2008
CHINA :
HONG KONG (XFN-ASIA) - China Eastern Airlines Corp (CEA) was higher on news that Temasek and Singapore Airlines (SIA) remain interested in forging an alliance with the mainland carrier.
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05-Feb-2008
CHINA :
HONG KONG (XFN-ASIA) - China Eastern Airlines (CEA) and aircraft maker China Aviation Industry Corp I (AVIC I) have agreed to form a joint venture airline, China Business News reported.
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05-Feb-2008
CHINA :
BEIJING (XFN-ASIA) - Citigroup has rated the Hong Kong-listed China Eastern Airlines (CEA) at buy/high risk, on the strong possibility of a tie-up with Air China.
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05-Feb-2008
CHINA :
HONG KONG (XFN-ASIA) - China Eastern Airlines (CEA) was sharply higher on a media report that it will establish a joint-venture regional carrier with aircraft maker China Aviation Industry Corp I (AVIC I), a move seen by some as a hardening of its resistance to closer partnership with China National Aviation Corp (CNAC), parent of its rival Air China.
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31-Jan-2008
CHINA :
China Eastern Airlines has agreed to buy 30 Boeing 737-series aircraft carrying a catalogue price of USD1.94 billion, as the carrier seeks to expand its fleet.
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23-Jan-2008
CHINA :
(XFN-ASIA): China Eastern Airlines Corp Ltd said it expects to return to profit in 2007, with the yuan's appreciation helping offset rising jet fuel prices.
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23-Jan-2008
CHINA :
(XFN-ASIA): China Eastern Airlines Corp Ltd (CEA) tumbled in Hong Kong despite its positive guidance for 2007, as investors continued to worry about whether it can strike a deal with Air China's parent China National Aviation Corp (CNAC) to get much-needed fresh capital.
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22-Jan-2008
CHINA :
(XFN-ASIA): China Eastern Airlines Corp shares were suspended from trade pending the release of an announcement regarding a proposed strategic investment in the airlines, the stock exchange said. The stock last traded at HKD6.73.
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16-Jan-2008
CHINA :
SHANGHAI (XFN-ASIA) - China Eastern Airlines is willing to study any sincere bid by rival Air China that conforms with legal procedures and is better than Singapore Airlines' offer, Xinhua news agency reported, citing a source with the board of China Eastern.
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14-Jan-2008
CHINA :
HONG KONG (XFN-ASIA) - China Eastern Airlines Ltd (CEA) surged in early trading after Air China's parent China National Aviation Corp (CNAC) suggested an equity-swap deal with CEA.
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11-Jan-2008
CHINA :
HONG KONG (XFN-ASIA) - China Eastern Airlines (CEA) was sharply higher after Air China's parent China National Aviation Corp (CNAC) said it will submit an offer to acquire more of CEA within two weeks, raising the possibility of a bidding war for control of the struggling carrier.
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10-Jan-2008
CHINA :
BEIJING (XFN-ASIA) - China Eastern Airlines is likely to succumb to an expected bid by Air China's parent CNAC despite protests by the struggling Shanghai carrier's management who would prefer a tie-up with Singapore Airlines (SIA), analysts said.
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10-Jan-2008
CHINA :
BEIJING (XFN-ASIA) - Fitch Ratings said its B+ rating on China Eastern Airlines will not immediately be affected by the decision to block a bid by Singapore Airlines to acquire a stake in the company.
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09-Jan-2008
CHINA :
SHANGHAI (XFN-ASIA) - Shareholders of China Eastern Airlines rejected a plan to sell a 24 pct stake to Singapore Airlines and its parent Temasek, denying the Singapore group a valuable foothold in the mainland China market -- at least for now.
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09-Jan-2008
CHINA :
SHANGHAI (XFN-ASIA) - China Eastern Airlines said it will not consider a deal with rival Air China even though shareholders rejected a plan to sell a 24 pct stake to Singapore Airlines and its corporate parent Temasek Holdings.
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09-Jan-2008
CHINA :
SHANGHAI (XFN-ASIA) - The rejection of a plan to sell 24 pct of China Eastern Airlines to Singapore Airlines and its Singapore government parent Temasek will delay the Chinese carrier's development, China Eastern president Li Fenghua said.
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09-Jan-2008
CHINA :
HONG KONG (Thomson Financial) - China Eastern Airlines said it has not received any proposal from the parent of Air China to buy shares in the mainland's third-biggest carrier at a higher price than that offered by Singapore Airlines (SIA) and SIA's parent, Temasek Holdings.
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08-Jan-2008
CHINA :
SHANGHAI (XFN-ASIA) - Air China and Singapore Airlines were bracing today for a crucial meeting that may determine who gets a key stake in China Eastern and a dominant role in the hugely lucrative skies around Shanghai.
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08-Jan-2008
CHINA :
HONG KONG (XFN-ASIA) - China Eastern Airlines (CEA) was lower in Hong Kong in line with the broader market despite news that China National Aviation Corp (CNAC) confirmed it will offer at least 5 hkd per share for a stake in CEA if the latter's deal to sell a 24 pct stake to Singapore Airlines (SIA) and Temasek Holdings is voted down by minority shareholders tomorrow.
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07-Jan-2008
CHINA :
BEIJING (XFN-ASIA) - China's State-owned Assets Supervision and Administration Commission (SASAC) said it supports a market-based China Eastern Airlines stake sale, adding that it encourages independent corporate decision-making and the introduction of foreign investors in the entities it controls.
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07-Jan-2008
CHINA :
SHANGHAI (XFN-ASIA) - China Eastern Airlines Corp Ltd (SHA 600115; HK 0670; NYSE CEA) was sharply lower in Shanghai after China National Aviation Corp (CNAC), which holds a 12 pct stake in the airline, confirmed that it will oppose the purchase of a CEA stake by Singapore Airlines (SIA) and Temasek Holdings unless terms of the investment are improved.
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07-Jan-2008
CHINA :
SHANGHAI (XFN-ASIA) - China Eastern Airlines said it will only consider a deal with Singapore Airlines (SIA) and Singapore state investment company Temasek Holdings, following reported comments yesterday by Air China's parent that it may offer a higher bid.
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04-Jan-2008
CHINA :
BEIJING (XFN-ASIA) - China Eastern Airlines said the 3.8 hkd per share price for its proposed 24 pct stake sale is market-based and reasonable, and was arrived at after extensive discussions.
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03-Jan-2008
CHINA :
HONG KONG (XFN-ASIA) - China Eastern Airlines (CEA) was sharply higher on hopes that Singapore Airlines (SIA) and Temasek Holdings will be forced to improve their offer for a combined 24 pct stake in the mainland carrier.
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19-Dec-2007
CHINA :
(c) Centre for Asia Pacific Aviation: China Eastern Airlines has selected Rockwell Collins dPAVES in-flight entertainment system for six new Boeing 737-800, and 30 A320 aircraft. This selection marks the debut of Rockwell Collins' dPAVES on Boeing aircraft. The first hardware deliveries will be made in 2008 and continue through 2010.
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19-Dec-2007
CHINA :
SINGAPORE (Thomson Financial) - China Eastern Airlines president-chairman Li Fenghua is confident that an investment agreement with Singapore state-linked investment company Temasek Holdings and Singapore Airlines will push through, the Business Times reported Tuesday.
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18-Dec-2007
CHINA :
BEIJING (XFN-ASIA) - China Eastern Airlines intends to give Singapore Airlines executives a prominent role in management if plans for a strategic investment in the Chinese airline are approved, the Wall Street Journal reported, citing chairman Li Fenghua.
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18-Dec-2007
CHINA :
HONG KONG (XFN-ASIA) - China Eastern Airlines Corp plans to increase premium-class passenger load factors in the next three years in a bid to turn around its long-haul international flights, the South China Morning Post reported, citing the carrier's chairman Li Fenghua.
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18-Dec-2007
CHINA :
HONG KONG (XFN-ASIA) - China Eastern Airlines shares were sharply lower on worries that minority shareholders may vote down a proposal for Singapore Airlines (SIA) and Temasek Holdings to take a strategic stake in the mainland carrier.
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17-Dec-2007
CHINA :
BEIJING (XFN-ASIA) - Citigroup said it is recommending investors buy shares in China Eastern Airlines due to recent valuation weakness for the major carrier's Hong Kong-listed shares on stake sale news.
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14-Dec-2007
CHINA :
HONG KONG (XFN-ASIA) - China Eastern Airlines president Li Fenghua said today that the proposed strategic partnership with Singapore Airlines and Temasek is the only and ultimate option to further its restructuring plans.
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11-Dec-2007
CHINA :
BEIJING (XFN-ASIA) - China Eastern Airlines has placed an order for 34 jet engines from General Electric to power the carrier's fleet of Boeing 787s, US Commerce Secretary Carlos Gutierrez said in a statement.
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05-Dec-2007
CHINA :
HONG KONG (XFN-ASIA) - China Eastern Airlines Ltd was sharply higher in Hong Kong after it was upgraded to buy by Citigroup.
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20-Nov-2007
CHINA :
HONG KONG (CAPA FREE) - China Eastern Airlines Corp Ltd (CEA) said it has entered into an agreement to sell its 98.79% stake in China Eastern Air Investment Co Ltd (CEA Investment) for about USD 62.2 million.
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16-Nov-2007
CHINA :
BEIJING (XFN-ASIA) - China Eastern Airlines' average passenger load factor for long-haul flights is expected to rise to 70-80 pct following its stake sale to Singapore Airlines and Temasek Holdings, from the current 30-40 pct, Shanghai's Oriental Morning Post reported.
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15-Aug-2007
CHINA :
(CAPA) At the beginning of the year, China Eastern Airlines was on track to report another first half loss. But the carrier appears to have achieved somewhat of a turnaround.
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25-Jul-2007
CHINA :
(CAPA) China Eastern Airlines meanwhile launched a branch company in Beijing on 25-Jul-06, including basing aircraft at the capital to expand its network and improve operating performance.
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12-Jul-2007
CHINA :
(CAPA) China Eastern will reportedly be permitted to operate one shuttle service per day between Tokyo Haneda and Shanghai Hongqiao airports from 08-Oct-07. Shanghai Airlines, Japan Airlines and All Nippon Airways have also been granted rights to operate a daily service.
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