China Eastern Airlines News Stories
China Eastern Seals $5.4 Bln Airbus A320 Deal
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.
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Flights Hit As Sino-Japan Tensions Escalate
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.
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China Eastern Airlines Issues New Shares
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.
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China Eastern Share Trading Suspended
September 6, 2012
Trading in China Eastern Airlines shares was suspended on Thursday, according to a filing on the Hong Kong exchange.
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China Eastern Expects H1 Profit Down 50 Pct
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.
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China Eastern Issues Bonds To Buy Planes
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.
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Chinese Carriers See Profits Tumble
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.
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China Eastern To Cut Debt Ratio By End-2015
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.
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China Eastern To Buy 20 Boeing 777s
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.
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China Eastern To Order 777s, Delay Airbus Deal
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.
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China Eastern Sees Q1 Profit Slide
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.
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China Eastern Cancels 787 Order
March 29, 2012
China Eastern Airlines has scrapped an order for 24 787 Dreamliners from Boeing, the plane maker said on Thursday.
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