EASTERN AIRLINES TO SEEK SIA'S HELP ON INTERNATIONAL ROUTES
AsiaInfo Services, November, 2007
AsiaInfo Services 11-15-2007 Eastern Airlines to Seek SIA's Help on International Routes SHANGHAI, Nov 15, 2007 (SinoCast via COMTEX) -- China Eastern Airlines Corp. Ltd. (SHSE: 600115; SEHK: 0670), one of the three largest air carriers in the country, will make changes in business model and products with the help of Singapore Airlines (SIA). The Shanghai-headquartered airline suffered great losses in long-distance international routes such as the Shanghai-New York route, on which it loses CNY 2 million each flight.
Lacking enough passenger source makes the airline's passenger load factor on long international routes below 50%. Although large domestic events like the coming Beijing Olympics and Shanghai World Expo will fuel the business of the airline, it has...
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