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Revision as of 22:21, 11 November 2007

China Eastern Airlines
中国东方航空公司
Zhōngguó Dōngfāng Hángkōng Gōngsī
File:Mu-logo.jpg
IATA ICAO Callsign
MU CES CHINA EASTERN
Founded1988
HubsShanghai Hongqiao
Shanghai Pudong
Focus citiesKunming Wujiaba
Xi'an Xianyang
Nanjing Lukou
Wuhan Tianhe
Frequent-flyer programEastern Miles
AlliancePossibly Oneworld in the future
Fleet size211
Destinations103
HeadquartersShanghai, People's Republic of China
Key peopleLi Fenghua (Chairman)
Websitehttp://www.ce-air.com

China Eastern Airlines Corporation Limited (Chinese: 中国东方航空股份有限公司) (SSE: 600115 SEHK: 670 NYSE: CEA) is an airline based in Shanghai, China. It is a major Chinese airline operating international, domestic and regional routes. Its main base is Shanghai Pudong International Airport, with a hub at Shanghai Hongqiao International Airport [1].

It currently doesn't belong to an airline alliance, but may be courted by Oneworld [2]. It is currently been given a 2 star rating from Skytrax [3].

History

The airline was established on 25 June 1988, on the basis of the CAAC Huadong Administration. In 1997, China Eastern took over loss-making China General Aviation and also became the country's first airline to offer shares on the international market. It founded China Cargo Airlines in a joint venture with China Ocean Shipping in 1998. In March 2001 it completed the takeover of Air Great Wall[1]. China Yunnan Airlines and China Northwest Airlines merged into China Eastern Airlines in 2002.

China Eastern Airlines is owned by the Chinese government (61.64%), publicly held H shares (32.19%) and publicly held A shares (6.17%) and has 29,746 employees (at March 2007)[1]. It had 16,435 employees at January 2005. On 20 April 2006, the media broke news on the possible sale of up to 20% of its stake to foreign investors, including Singapore Airlines, Emirates Airline and Japan Airlines, with the former confirming that negotiations were underway [4][5].

On 10 May 2007, the China Securities Journal reported that Singapore Airlines was in final talks to take a stake in China Eastern[6], resulting in a surge in the latter's stock prices.[7] However, a Singapore Airlines spokesman came forward to dispel these rumors and confirmed that while talks are in progress, they are as yet non conclusive.[8]

A report on the 31 August 2007 stated that Singapore Airlines had been approved by China's State Council and that a deal would be in place on 2 September in which SIA and parent company Temasek Holdings would jointly acquire a 25% stake in China Eastern Airlines.[9] On 2 September 2007, the airline concluded its deal with SIA with a sale of a 15.7% stake, and a further 8.3% to Temasek Holdings.[10] On 9 November 2007, Singapore Airlines and Temasek Holdings have signed a final agreement to buy a combined 24% stake in China Eastern Airlines. Singapore Airlines will own 15.73% and Temasek 8.27% stake in the airline.[11]

Singapore Airlines pending entry into the Chinese market prompted the Hong Kong carrier Cathay Pacific to launch an attempt to block the deal by buying a significant stake in China Eastern and voting down the deal together with Air China, which already holds a 11% stake in the airline at the shareholder's meeting in December 2007, as revealed by the South China Morning Post [12] and the Daily Telegraph [13] on 21 and 22 September. Cathay Pacific announced on 24 September that the proposal had been shelved. [14] Meanwhile, Air China is aiming to become a Super carrier like United Airlines, so Air China is considering to acquire China Eastern Airlines as part of the expansion of the airline.

Destinations

Main article: China Eastern Airlines destinations

According to Bloomberg, China Eastern Airlines will only add an extra 2 frequencies to its Shanghai - Los Angeles route, to start in June 2008. All of the other major airlines in China are adding 4 - 5 destinations.[15]

In 2004, it has terminated its unprofitable Shanghai - Munich - Madrid route. However, this has led to a new Shanghai - Melbourne route which began the same year. In 2007, its began operations to Johannesburg (via Male), and it became the 1st African destination for the airline. That same year, it began operations to New York from Shanghai, making it the longest non-stop route China Eastern operates. China Eastern Airlines is to begin a seasonal service from Shanghai - Brisbane route 2 times weekly. Nevertheless, China Eastern Airlines has a strong presence in Asia, Europe, North America and Australia.

Fleet

The China Eastern Airlines fleet includes the following aircraft as of November 2007:

China Eastern Airlines Fleet
Aircraft Total Passengers
(First/Business/Ecomomy) 		Routes Notes
Airbus A300-600R 7 Domestic, Asia
Airbus A319-100 15 122 (8/114) Domestic
Airbus A320-200 65
(42 orders) 		Domestic
Airbus A321-200 10
(5 orders) 		Domestic, Asia
Airbus A330-200 4
(1 orders) 		264 (24/240) Domestic, Asia, Australia and Europe
Airbus A330-300 12
(3 orders) 		286 (24/262) Domestic, Asia, Australia and Europe
Airbus A340-300 5 287 (12/28/247) Domestic, London-Heathrow,
Vancouver, Johannesburg
Airbus A340-600 5 322 (8/42/272) London-Heathrow, Los Angeles,
New York-JFK, Paris-CDG
Boeing 737-300 23 145 (145) Domestic
Boeing 737-700 31
(12 orders) 		134 (8/126) Domestic
Boeing 737-800 7
(6 orders) 		Domestic, Asia
Boeing 767-300ER 3 Domestic, Asia
Boeing 787-8 (15 orders) Entry into service:2008
Bombardier CRJ-200LR 5 Domestic
Embraer ERJ-145 8
(2 order) 		Domestic
McDonnell Douglas MD-90-30 9 Domestic

Cargo

As China Eastern's cargo subsidiary, China Cargo Airlines operates the following aircraft as of November 2007:

China Cargo Airlines Fleet
Aircraft Total Notes
Airbus A300-600RF 3
Boeing 747-400ERF 2
McDonnell Douglas MD-11F 6
Tupolev Tu-204-120C (2 orders)

In March 2007, China Eastern Airlines fleet age is 6.4 years old[16].

Aircraft Orders

  • China Eastern Airlines said it has signed an agreement to purchase 5 Airbus A319 aircraft in a deal worth 1.9 billion yuan (230 million dollars) and will take delivery of the 124-seater planes between February 2006 and July 2007. It also has orders in place for 4 Airbus A320 and 11 Airbus A321 aircraft.
  • China Eastern has been on a buying spree recently, signing a deal with US aerospace giant Boeing for 15 of its new Boeing 787 jets in January. Last year, it spent two billion dollars on 20 Airbus A330s to replenish its fleet in response to robust air travel demand.
  • China Eastern also added 3 Boeing 737-700s and 1 Beoing 737-800 order on December 30th, 2005.

Previously operated

Subsidiaries

China Cargo Airlines

China Cargo Airlines is a wholly owned subsidiary of the company, it became independent in 2004, serving destinations in Japan, North America and Europe. l

China Eastern Airlines Jiangsu

This subsidiary airline is based in Nanjing, started operations in 1993 and operates services from Nanjing using aircraft from the parent company. Its main base is Nanjing Lukou International Airport. It is owned by China Eastern Airlines (63%) and Jiangsu Provincial Guoxin Asset Management Group (24%)[1].

China Eastern Airlines Wuhan

This subsidiary airline (ICAO Code: CWU) is based in Wuhan, started operations in 1986 and operates domestic scheduled services from Wuhan and international services to Thailand. In September 1997, the airline jointly founded the Xinxing (New Star) Alliance with five other provincial airlines. In August 2002 the airline was acquired by China Eastern Airlines and renamed China Eastern Airlines Wuhan, operating under the China Eastern name and using the parent company's aircraft. Its main base is Wuhan Tianhe International Airport. It is owned by China Eastern Airlines (96%), state-owned Assets Supervision and Administration Commission (2%) and others (2%)[1].

China Eastern Yunnan Airlines

This subsidiary airline (IATA Code: 3Q, ICAO Code: CYH), was established in July 1992 and operates scheduled domestic services on trunk and secondary routes, as well as tourist routes from Kunming to Southeast Asia, using aircraft from the parent company. It was established in 1992 from the CAAC Yunnan regional authority. In October 2002, China Eastern Airlines took control with approval from the Chinese Cabinet. It is wholly owned by China Eastern Air Holding and its main base is Kunming Wujiaba International Airport[1].

Incidents and accidents

  • On August 15, 1989, a China Eastern flight from Shanghai to Nanchang, an Y-7 (Reg. B-3417disaster) crashed on take off, due to No.2 engine failure, killing 34 of 40 on board.
  • On April 6, 1993, China Eastern Flight 583, a McDonnell-Douglas MD-11, (Chinese Reg. B-2171disaster), from Beijing to Los Angeles with an intermediate stop in Shanghai, had an inadvertent deployment of the leading edge wing slats while cruising, approximately 950nm south of Shemya, Alaska, due to possible unintentionally touching of the plane's flap/slat handle. The plane progressed through several violent pitch oscillations and lost 5,000 feet of altitude. Two passengers were killed, and 149 passengers and 7 crew members were injured, including one passenger who was paralyzed, and one flight attendant who sustained severe brain damage.
  • On October 26, 1993, Flight 5398 from Shenzhen to Fuzhou, a McDonnell-Douglas MD-82 (Reg. B-2103disaster) jetliner crashed near Fuzhou airport, after a failed attempt to go around on approach, killing 2 of 80 on board.
  • On November 21, 2004, Flight 5210 from Baotou to Shanghai, a Bombardier CRJ-200 (Reg. B-3072disaster) small passenger jet crashed in Inner Mongolia one minute after departure, killing all 53 occupants.
  • On 7 April 2005, a China Eastern Airbus A340-300 (Reg. B-2383disaster) aircraft at London Heathrow Airport suffered a significant tailscrape at take-off and the crew, although informed by the control tower, elected to continue to Shanghai, China [17].
  • On 6th Nov 2007 a China Eastern Airlines's plane's tire burst in Hong Kong International Airpoer, causing the damage of a light. No one was killed.

Partnerships with other airlines

China Eastern operates domestic flights within China on behalf of American Airlines, which is a oneworld alliance member.[18]

China Eastern is also an airline partner of Asia Miles, which is run by Cathay Pacific, which is a oneworld alliance member.

China Eastern Airlines also codeshares with British Airways, Japan Airlines and Qantas, in which are oneworld alliance members.

China Eastern Airlines codeshares with Air France-KLM and Korean Air which are Skyteam members.

China Eastern struck an alliance with Singapore Airlines with a sale of 15.7% of its shares to the latter on 2 September 2007[19], the latter of which is a Star Alliance member. There are, however, attempts by Cathay Pacific to block the deal.[20].

References

Wikimedia Commons has media related to China Eastern Airlines.
  1. ^ a b c d e f "Directory: World Airlines". Flight International. 2007-04-03. p. 64.
  2. ^ [1]
  3. ^ [2]
  4. ^ Shanghai Daily
  5. ^ News Asia
  6. ^ China Eastern Airlines in final talks to sell stake to Singapore Airlines: report (Channel NewsAsia: 10 May 2007)
  7. ^ China Eastern surges on Singapore Airlines report (Shanghai Daily: 10 May 2007)
  8. ^ SIA confirms talks with China Eastern (Channel NewsAsia: 10 May 2007)
  9. ^ "SIA approved to buy into China Eastern" Flight Global, 31/08/07
  10. ^ "SIA, China Eastern Airlines announce strategic tie-up". Channel NewsAsia. 2 September 2007. Retrieved 2007-09-02. {{cite news}}: Check date values in: |date= (help); Cite has empty unknown parameter: |coauthors= (help)
  11. ^ "Singapore Airlines, Temasek sign China Eastern deal". Channel NewsAsia. 9 November 2007. Retrieved 2007-11-09. {{cite news}}: Check date values in: |date= (help); Cite has empty unknown parameter: |coauthors= (help)
  12. ^ "Cathay Pacific to try and block Singapore Airlines: report". Agence France-Presse. Channel NewsAsia. 22 September 2007. Retrieved 2007-09-22. {{cite news}}: Check date values in: |date= (help); Cite has empty unknown parameter: |coauthors= (help)
  13. ^ http://news.bbc.co.uk/chinese/trad/low/newsid_7000000/newsid_7009900/7009931.stm
  14. ^ http://www.rthk.org.hk/rthk/news/expressnews/news.htm?expressnews&20070924&55&434146 http://www.rthk.org.hk/rthk/news/expressnews/20070924/news_20070924_55_434146.htm RTHK
  15. ^ [3]
  16. ^ China Eastern Airlines Fleet Age
  17. ^ Flight International, July 2005
  18. ^ [4]
  19. ^ "SIA, China Eastern Airlines announce strategic tie-up". Channel NewsAsia. 2 September 2007. Retrieved 2007-09-02. {{cite news}}: Check date values in: |date= (help); Cite has empty unknown parameter: |coauthors= (help)
  20. ^ "Cathay Pacific to try and block Singapore Airlines: report". Agence France-Presse. Channel NewsAsia. 22 September 2007. Retrieved 2007-09-22. {{cite news}}: Check date values in: |date= (help); Cite has empty unknown parameter: |coauthors= (help)
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