QUOTE AND NEWS
WA Business News  Aug 21  Comment 
The competition watchdog has approved Qantas's joint venture with China Eastern, but warned that allowing the carriers to coordinate their services could be to the public detriment on some routes.
The Australian  Aug 21  Comment 
Reuters  Aug 14  Comment 
China Eastern , the country's No.2 airline by market value, plans to acquire 15 Airbus jets for about $3.6 billion to meet booming demand for air travel.
The Economic Times  Aug 12  Comment 
Subramanian said China, on the one hand, has devalued the currency and taken measures aimed at reducing the spread between onshore and offshore rates.
The Economic Times  Aug 12  Comment 
"The growth in underlying indirect tax collection... for the first four months... suggest increase in nominal GDP growth," Subramanian said.
Mondo Visione  Aug 7  Comment 
The U.S. Commodity Futures Trading Commission (CFTC) today announced the filing of an enforcement action charging Defendants Gary Creaghand Wall Street Pirate Management, LLC (Wall Street Pirate), both of New York, New York, with making false,...
Reuters  Jul 28  Comment 
Delta Air Lines Inc has agreed to buy 3.55 percent of China Eastern Airlines Corp Ltd , a move that would make it the first U.S. carrier to own part of a Chinese airline.
The Economic Times  Jul 27  Comment 
Chief Economic Advisor (CEA) Arvind Subramanian today said India can grow at 8-10 per cent, provided exports put up a strong show.
newratings.com  Jul 27  Comment 
ATLANTA (dpa-AFX) - China Eastern Airlines Corp. (CEA) and Delta Air Lines Inc. (DAL, DALRQ.PK) said they have signed an agreement to expand their partnership and better connect Delta's global network with China Eastern. The agreement will...
The Economic Times  Jul 20  Comment 
Arvind Subramanian has said the RBI and the government are on the same page on the proposed monetary policy framework, indicating a convergence between the two on this crucial issue.




 
TOP CONTRIBUTORS

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.




References

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