Home
News
In Focus
Business
Metro
Nation
World
Sports
Feature
Opinion
View more »Opinion Columns
Wan LixinOpinion deputy editor of Shanghai Daily
Restaurants get off to a quick start thanks to game-changing policies
High service charges on event ticket refunds call for further regulation
Sunday
- Subscribe
Related News
China Eastern to grow Beijing presence
By Winny Wang |
July 9, 2009, Thursday
|
Print Edition
Print Edition
CHINA Eastern Airlines plans to invest 15 billion yuan (US$2.2 billion) in adding about 20 planes to the Beijing market within three years to enhance its presence in its biggest market outside Shanghai.
The Beijing unit of the Shanghai-based carrier will run a total of 50 aircraft within three years, with nine introduced this year.
"We are aiming to boost our market share in Beijing to 20 percent within five years from the current 13 percent," Chairman Liu Shaoyong said yesterday in Beijing.
"We are applying for more flights in Beijing now," he said. The carrier runs 32 direct flights in Beijing, delivering 7.1 million passengers last year.
Shanghai Airlines, which is in talks with China Eastern about a merger, now holds 5 percent of the Beijing market, and the merger is expected to bring them a bigger market share in the capital, Liu said.
"Details of the merger plan are expected to be published next week as we still need go through some procedures, and we have passed all items of the plan," Liu said.
He said they will raise frequency between Shanghai and Beijing to one flight half an hour after the merger, compared with one flight per hour at present.
The two Shanghai carriers were suspended from trading on June 8 for merger talks. Zhou Chi, chairman of Shanghai Airlines, said earlier that China Eastern would hold a controlling stake in Shanghai Airlines, but the smaller retain its entity and brand.
The Beijing unit of the Shanghai-based carrier will run a total of 50 aircraft within three years, with nine introduced this year.
"We are aiming to boost our market share in Beijing to 20 percent within five years from the current 13 percent," Chairman Liu Shaoyong said yesterday in Beijing.
"We are applying for more flights in Beijing now," he said. The carrier runs 32 direct flights in Beijing, delivering 7.1 million passengers last year.
Shanghai Airlines, which is in talks with China Eastern about a merger, now holds 5 percent of the Beijing market, and the merger is expected to bring them a bigger market share in the capital, Liu said.
"Details of the merger plan are expected to be published next week as we still need go through some procedures, and we have passed all items of the plan," Liu said.
He said they will raise frequency between Shanghai and Beijing to one flight half an hour after the merger, compared with one flight per hour at present.
The two Shanghai carriers were suspended from trading on June 8 for merger talks. Zhou Chi, chairman of Shanghai Airlines, said earlier that China Eastern would hold a controlling stake in Shanghai Airlines, but the smaller retain its entity and brand.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 沪ICP证：沪ICP备05050403号-1
- |
- 互联网新闻信息服务许可证：31120180004
- |
- 网络视听许可证：0909346
- |
- 广播电视节目制作许可证：沪字第354号
- |
- 增值电信业务经营许可证：沪B2-20120012
Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
