China Eastern-Shanghai Airlines “restructuring” (merger) enters final phase
The China Eastern Airlines and Shanghai Airlines “restructuring’ plan was passed by a large majority at respective general shareholder meetings of the two companies on 09-Oct-2009. Voting results at the meetings showed overwhelming support - with 99.6% of China Eastern and 96.9% of Shanghai Airlines shareholders being in favour. [963 words]
Unlock the following content in this report:
- Fuel hedges to continue, as previous hedging losses put behind
- Domestic airlines’ price collusion collapses
- A technical advance to assist in ever more crowded skies.
- New maintenance JV with P&W
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