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Transportation: Chinese airlines
(Xinhua)
Updated: 2006-04-03 14:33
China Eastern Airlines, a leading civil airline company based in Shanghai,
announced last week that it will start flights to Frankfurt, Germany, on June
30. Employing A340-600s, the upcoming international flight services will be
available every Tuesday, Thursday, Friday, Saturday and Sunday.
The
Pan-American Aviation Holdings Ltd.(PAAH) is to become a shareholder of Grand
China Airline (GCA), a subsidiary of the Hainan Airlines, China's fourth largest
airline company.PAAH will buy 11 percent to 18 percent of the GCA's shares for
US$60 million to 100 million, making it the second largest shareholder,
according to a framework agreement that the two companies signed
Saturday.
(For more biz stories, please visit Industry Updates) |
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