The Australian  Apr 13  Comment 
A draft ACCC decision to block an alliance between es Qantas and China Eastern has been criticised by the government as “too narrowly focused’’.
The Economic Times  Apr 9  Comment 
Summer monsoon rains are expected to be normal this year, the chief economic adviser Arvind Subramanian at the finance ministry said.
Benzinga  Apr 1  Comment 
Dyax Corp. (NASDAQ: DYAX) shares touched a new 52-week high of $25.65 after the company said a Phase Ib trial of its DX-2930 drug met safety goals and demonstrated statistically significant reductions in attack rates of hereditary angiodema, a...
Reuters  Mar 31  Comment 
The head of Areva's top shareholder, state-owned nuclear research group CEA, said on Tuesday he backed greater cooperation between the company's teams and those of French utility EDF, regardless of whether the two forged equity ties in the future.
Benzinga  Mar 30  Comment 
China Eastern Airlines Corp. (NYSE: CEA) reported a rise in its profit for 2014. According to Chinese accounting standards, China Eastern's net profit for the year climbed to 3.42 billion Chinese yuan ($551 million), versus a year-ago profit of...
guardian.co.uk  Mar 24  Comment 
ACCC intends to oppose plan to co-ordinate services between Australia and China by two airlines that it says dominate Sydney-Shanghai route A partnership between Qantas and China Eastern is stuck on the runway due to concerns it will lift prices...
Japan Today  Mar 24  Comment 
Australia's competition watchdog said Tuesday it was leaning toward blocking a tie up between Qantas Airways and China Eastern Airlines because it could increase fares on the popular Sydney-Shanghai route. The Australian Competition and...
Wall Street Journal  Mar 24  Comment 
Australia’s antitrust regulator threatened to block a proposed alliance between Qantas Airways and China Eastern Airlines that was meant to reduce transit times and open up their networks to each other’s customers.
WA Business News  Mar 24  Comment 
Plans by Qantas and China Eastern to expand their alliance have come under a cloud after the competition watchdog expressed concern about it possibly leading to higher airfares.
WA Business News  Mar 24  Comment 
The Australian  Mar 23  Comment 
Qantas’s planned venture with China Eastern looks set to be rejected by the competition watchdog, in a setback to its China expansion plans.


China Eastern Airlines Corporation Limited (China Eastern), one of the three largest airliners in China by fleet size and the primary air carrier serving Shanghai, was founded in 1995 and is headquartered in Shanghai, China. China Eastern, together with its subsidiaries, engages in the airline operations in China, and internationally. It provides domestic and international passenger, cargo, and mail airline services. The company is also involved in the logistics and property management operations and provision of air catering, pilot training, aircraft repair and maintenance, flight simulation, and airport ground services. China Eastern accounted for approximately 23.0% of the total commercial air traffic (as measured in tonne-kilometers) handled by Chinese airlines in 2006. China Eastern operates primarily from Shanghai's Hongqiao Airport and Pudong International Airport. As of December 31, 2006, China Eastern operated a fleet of 205 aircraft. China Eastern is a subsidiary of state-owned China Eastern Airlines Holding Company, which owns 59.67% of China Eastern.

China Eastern recorded a sharp profit increase in the third quarter mainly due to strong passenger demand and the Chinese currency appreciating versus the US dollar. Although volatile fuel prices and fewer operating efficiencies still hurt China Eastern's operating performance, China Eastern is well positioned to leverage the growth potential of aviation industry in China. Other factors including an appreciating Chinese currency, high discount of ADS price to A share price, and expected operating efficiencies brought by its strategic partners should also support its stock price. We think its current price fairly reflects most factors. Therefore, we are maintaining Hold recommendation for its stock.


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