China Eastern Airlines is planning to transfer its stake in wholly-owned subsidiary China Eastern Airlines Logistics Co., Ltd. to another subsidiary of its parent holding company.
Hainan Airlines will form a new airline company called Shen Niao Airlines in a total investment of RMB 3 billion.
China Eastern Airlines has filed an application to the state authority to restructure itself into a “state-owned investment company with airline characteristics.”
HNA subsidiary Shareco will buy a 34.90% stake in US-based inflight entertainment company GEE for USD 416 million.
The Big Three state-owned Chinese carriers together have made larger net profit in the first nine months of 2016 than the full year of 2015.
The final panel at the Airline Distribution Conference discusses the price of loyalty programs and what benefits it can bring to both airlines and consumers.
With the increasing touch points that technology brings, airlines can leverage their auxiliary services to attract more consumers and grow revenue.
Chinese airlines have responded to OTAs by focusing on direct sales and axing agency commission fees. At the heart of their argument was that the move was for consumers.
