CNAC's acquisition of China Eastern Airlines as a legend

According to the world brand laboratory http://brand./report: Although no Hong Kong luxury portfolio when road show, but yesterday's Air China co., Ltd. (hereinafter referred to as "Air China") Beijing Roadshow media briefings, still need two additional seats. In the description of the Conference, Air China planning development Dept. Adviser Sun Yu told reporters that the State carrier air group in a company in Hong Kong subsidiary CNAC limited proposed acquisition of China Eastern Airlines Co., Ltd. (hereinafter referred to as the "East") equity, "there's a chance, there is still time."

China Eastern Airlines Board of Directors on 26 February has issued a public notice, the Board of Directors "in the careful and extensive discussions, and in consultation with legal counsel and financial consultancy firm, Eastern Airlines will not be further considered in the navigation scheme. CNAC is not showing on cooperation with sincerity, nor to make in-depth cooperation and thorough planning; CNAC programme does not have any formal offer of legally binding, and in law and in the future there is a significant and approval of uncertainty ".

19th of this month, held in Hong Kong at the annual performance description, Group Vice President, Air China, on behalf of the Chairman of the hole publicly said that Air China will not be lowered before China Eastern Airlines raised $ 5 per share purchase price. Yesterday, Secretary of the air Board of Directors, said that he believed huangbin in the limited and China Eastern Airlines has its own ideas, but lack of communication. He hoped that the CNAC limited and China Eastern Airlines to reach an understanding.

Sun Yu, preparation of Air China East China branch is established. Under the Air China report shows that, despite only inputs in 31 aircraft, Air China will win the Shanghai market 80% of international business. At present, the Shanghai market of passenger and cargo international business accounted for China's aviation industry of 70% and 50%.

But freight business seems to have become fully profitable air soft ribs. Huangbin said the air freight business volume 2007 up 2.1%, but the income level has declined 8.2% and Northeast Asia freight market to grow fast. According to statistics, in 2007, the global freight forwarding business revenue growth of 18%, while the Northeast 10.5% only.

But the latest data show that in the first quarter of this year is expected to be returned to the air freight business. "A quarter of freight have no problems. "Huangbin says, so far, Air China cargo in the first quarter compared to the same period last year has been a qualitative change in the first quarter of last year's freight loss 2.5 billion this year to at least earn 2.5 billion.

In addition, Air China Huangbin expressly did not and the legendary Shanghai Airlines. Sun Yu was clearly told reporters, Air China and Shanghai Airlines jointly whether mainly also depends on the Shanghai Municipal Government.