This Chinese Airlines was founded in 1988 and has gone on to serve millions of passengers across China & worldwide.
It operates from its hubs in Shanghai Hongqiao International Airport and Shanghai Pudong International Airport. The Chinese Government has a majority ownership stake in this airlines and it is listed on stock exchanges in Shanghai, Hong Kong and New York since 1997.
It is first Chinese airline to be listed in three markets. It has a strong presence on routes to Asia, North America and Australia. Its focus is on improving connectivity to Shanghai, China. It carried 93 million passengers in 2015 across domestic routes (78 million passengers) and international routes (12 million passengers).
China Eastern Airlines was the first Chinese carrier to order Airbus airplanes. Bulk of the fleet used for domestic routes consists of Airbus A320 series. The frequent flyer program of the airline is called Eastern Miles. After the liberalization of aviation industry in China it faces significant competition in the domestic and international market. China has a significant network of highways, high speed trains and ship transportation. Therefore its services overlap with these in certain market areas. To respond to competitive pressure it has focused on air traffic rights and time slots in the domestic market. It is focusing on improving the aircraft utilization rate and consolidate its operations in key hubs to improve efficiency.
It is transforming itself from a tradition air passenger carrier to an integrated air service provider. It is building a new corporate culture of “Love at China Eastern Airlines” to retain its key talent. It is a part of the Skyteam alliance platform. It is relying on strategic cooperation with Delta airlines, Qantas and Air France to develop its flight network and provide increased connectivity with domestic and international destinations.
Sales: $ 14.9 bn
Profit: $ 0.73 bn
Assets: $ 30.1 bn
Market Value: 10.9 bn
Fleet Size: 429
Passengers Carried: 93 million
Company Slogan: World-Class Hospitality with Eastern Charm