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Volume 14,Issue 3 Autumn 2012

China Eastern establishes new subsidiary


China Eastern Airlines announced on August 6 that its board of directors has approved the investment of RMB 50 million to establish a new subsidiary, the China Eastern Business Aviation Services Co.
The statement disclosed that China Eastern Airlines had no plan to acquire corporate jets but may retrofit existing aircraft. The company is also negotiating with a first-aid company in the US. It is estimated that at the beginning of next year, four corporate jets will be stationed at Shanghai. China Eastern Business Aviation Services Co. will utilize resources of China Eastern Airlines, including flight crew, mechanic, and ground service. China Eastern Airlines currently occupies 95 percent share of the corporate jet market in the Shanghai area.

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