Financial News
Written by: Zhang Weilun
2020-06-15 10:36
Last update date: 2020-06-15 10:36Eastern Airlines (0670) announced the signing of the "Cooperation Framework Agreement" in Haikou City with Hainan Transportation Investment Holdings, Sanya Development Holdings, Juneyao Airlines (Shanghai: 606885) and Ctrip Travel Network Technology, intending to jointly fund the establishment of Sanya International Airlines.
The future registered capital of Sanya International Airlines is RMB 3-6 billion, of which 51% is China Eastern Airlines, 10% is Hainan Transportation Investment, 10% is Sanya Development Holdings, 15% is Juneyao Airlines, and 14% is Ctrip Travel Network Technology.
China Eastern pointed out that through project cooperation, it will help to further improve the strategic layout in southern China and enhance the company's comprehensive competitiveness. At the same time, Sanya International Airlines can make full use of China Eastern Airlines and other trading parties to take advantage of the comprehensive and diversified resources to establish high-quality aviation service products and Hainan regional boutique aviation brands.
In addition, according to a report from Cailian News Agency, China Eastern signed a new round of strategic cooperation agreement with the Henan Provincial Government last Saturday (13th). Orient will focus on building a Zhengzhou operating base, build a Central Plains air logistics center, and support the Zhengzhou International Air Cargo Hub Center.
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China Eastern Airlines