China Eastern Airlines

The airline was established on 25 June 1988, on the basis of the CAAC Huadong Administration. In 1997, China Eastern took over loss-making China General Aviation and also became the country's first airline to offer shares on the international market. It founded China Cargo Airlines in a joint venture with China Ocean Shipping in 1998. In March 2001 it completed the takeover of Air Great Wall. China Yunnan Airlines and China Northwest Airlines merged into China Eastern Airlines in 2002.

China Eastern Airlines is owned by the Chinese government (61.64%), publicly held H shares (32.19%) and publicly held A shares (6.17%) and has 16,435 employees (at January 2005). On 20 April 2006, the media broke news on the possible sale of up to 20% of its stake to foreign investors, including Singapore Airlines, Emirates Airline and Japan Airlines, with the former confirming that negotiations were underway.

On July 27, 2006, Harmony Airways and China Eastern Airlines reached a code-share agreement. Harmony will code-share on China Eastern flights from Vancouver to Shanghai, and China Eastern will code-share on Harmony flights from Vancouver to Calgary and Toronto.
China Eastern Airlines said it has signed an agreement to purchase 5 Airbus A319 aircraft in a deal worth 1.9 billion yuan (230 million dollars) and will take delivery of the 124-seater planes between February 2006 and July 2007. It also has orders in place for 4 Airbus A320 and 11 Airbus A321 aircraft.
China Eastern has been on a buying spree recently, signing a deal with US aerospace giant Boeing for 15 of its new Boeing 787 jets in January. Last year, it spent two billion dollars on 20 Airbus A330s to replenish its fleet in response to robust air travel demand.
China Eastern also recently added 3 737-700 and 1 737-800 order as of December 30th, 2005 to its order backlog.

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