"New China Eastern Airlines" changes China's civil aviation pattern

The first merger involving 2 listed companies in the history of China's civil aviation industry has finally been completed. The "New China Eastern Airlines," established through the merger of China Eastern Airlines and Shanghai Airlines, debuted February 8, marking the formation of a competitive situation in China's domestic civil aviation market with 3 major competitors.
　　
With the merger of China Eastern Airlines and Shanghai Airlines, the new China Eastern Airlines has operating assets of over 150 billion yuan, 331 mid-sized aircraft and 151 flight destinations. China Eastern Airlines has opened flights leading to major cities worldwide such as New York, Los Angeles, Paris and Frankfurt, becoming one of the world's largest airlines in terms of overall size.

Presently, China Eastern Airlines and Shanghai Airlines have been making full efforts to advance cooperation in their main business. In addition, the new China Eastern Airlines will effectively avoid overlapping investments, and will lower operating costs and promote its sound development by carrying out unified maintenance, procurement and logistical support.

The new China Eastern Airlines will take about half of Shanghai's civil aviation market share. The competitive situation for China's domestic civil aviation market dominated by 3 major airlines - China Eastern Airlines, Air China and China Southern Airlines, has therefore come into being.

By People's Daily Online