The Hindu Business Line  Jul 2  Comment 
Sales of subsidised LPG cylinders under the Direct Benefit Transfer scheme (DBT) have come down by about 25 per cent as most “ghost beneficiaries” have been eliminated, CEA Arvind Subramanian toda...
The Economic Times  Jul 2  Comment 
Chief Economic Advisor Arvind Subramanian on Thursday described the government's direct benefit transfer (DBT) as a "game changer" for India.
Financial Times  Jun 26  Comment 
Potentially fatal blow to plans by budget carrier backed by Qantas and China Eastern
The Hindu Business Line  Jun 23  Comment 
‘Arbitrariness in tax rules seen as a major factor’
The Economic Times  Jun 22  Comment 
Subramanian said there has been fundamental shifts in the market and thought demand has come down. "On oil - is that there has been fundamental shifts in the market. I think demand has come down," he said.
The Hindu Business Line  Jun 17  Comment 
Says corporates will find it more difficult to improve their balance sheets
The Economic Times  Jun 11  Comment 
Indirect tax collections during the first two months (April-May) of the current financial year increased to Rs 96,128 crore, up 39.2 per cent over the year ago period.
newratings.com  Jun 10  Comment 
CHICAGO (dpa-AFX) - Air Lease Corporation (AL) announced long term lease agreements with China Eastern Airlines for three new Boeing 737-800 aircraft. The aircraft are from the company's order book with Boeing and are scheduled for delivery...
The Australian  Jun 1  Comment 
The Chinese government has thrown its weight behind the alliance between Qantas and China Eastern.
The Australian  Jun 1  Comment 
The Economic Times  May 27  Comment 
"There is a lesson which we tend to forget. How did China accumulate $4 trillion dollar reserves? They did it by keeping the currency competitive."


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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