China Eastern Airlines News Stories
November 23, 2012
China Eastern Airlines, one of the country's top three carriers, said it has agreed to buy 60 Airbus A320 aircraft for about USD$5.4 billion, expected to be delivered in stages from 2014 to 2017.
September 21, 2012
Airlines from China and Japan have cut or delayed flights between the two countries as tensions mount between the region's two largest economies over a dispute about an uninhabited group of islands in the East China Sea.
September 12, 2012
China Eastern Airlines plans to raise an aggregate CNY3.62 billion yuan (USD$571.42 million) through the issue of new shares in Shanghai and Hong Kong to boost its finances and competitiveness.
September 6, 2012
Trading in China Eastern Airlines shares was suspended on Thursday, according to a filing on the Hong Kong exchange.
July 13, 2012
China Eastern Airlines, one of China's three biggest carriers, issued a profit warning on Friday, estimating its first half net profit to have fallen by more than 50 percent.
June 13, 2012
China Eastern Airlines said it planned to issue up to CNY8.8 billion yuan (USD$1.4 billion) worth of corporate bonds in China, raising capital to fund the purchase of aircraft and to re-finance bank loans at a lower cost.
June 12, 2012
Lower oil prices this month have lessened the pain for struggling Chinese carriers, but a slowing domestic economy and a darkening outlook for consumers worried about Europe's debt crisis pose risks outside their control, industry executives said this week.
June 11, 2012
China Eastern Airlines, one of China's top three carriers, aims to cut its debt-to-assets ratio to below 70 percent by the end of 2015 from its current 81 percent, its chairman said on Monday, amid a new round of capital injections by the government to support the country's aviation industry.
April 30, 2012
China Eastern Airlines said on Monday it has agreed to buy 20 new 777-300ER aircraft from Boeing, valued at USD$5.94 billion at list prices.
April 27, 2012
China Eastern Airlines is set to place a USD$6 billion order for up to 20 Boeing 777 jets, while simultaneously delaying a recent Airbus deal, people familiar with the matter said.
April 13, 2012
China Eastern Airlines expects its net profit in the first quarter to fall by more than 50 percent from a year earlier due to slower growth in passenger traffic and rising jet fuel prices.
March 29, 2012
China Eastern Airlines has scrapped an order for 24 787 Dreamliners from Boeing, the plane maker said on Thursday.