China Eastern and Shanghai Airport sign strategic agreement
China Eastern Airlines and Shanghai Airport Authority signed a strategic agreement, as part of which China Eastern will raise capacity, launch more international routes and add flight frequencies to major domestic cities to improve Shanghai Pudong International Airport's connectivity (Shanghai Daily, 29-Sep-2010). The two companies will also raise investment in operations by 13% p/a in the next five years and increase the number of flights by 77%, with plans to cooperate with Shanghai's high-speed rail system to improve transport links and establish city terminals in major destinations within 300km from the city to facilitate check-in. They will also optimise procedures to reduce minimum connecting time to 80 minutes for international flight transit and 60 minutes for domestic services. The airport expects to handle 65 million passengers and 4.75 million tons of cargo p/a by 2015.
Shanghai Airport Authority: "It is estimated passenger turnover will reach 72 million this year, rising 26.3% from a year earlier, and cargo turnover will rise 17.4% to 3.5 million tons," Li Derun, President. Source: Shanghai Daily, 29-Sep-2010.
China Eastern Airlines: "A direct flight from Shanghai to Rome will be launched next year and more airlines are expected to begin operations ... By 2017, we shall increase the proportion of international flights from 30% to around 40%," Ma Xulun, Executive Director. Source: Shanghai Daily, 29-Sep-2010.