China Eastern Airlines completed its divestiture from its freight subsidiary, Eastern Air Logistics, on February 8, 2017, according to a filing by China Eastern Airlines on the Shanghai and Hong Kong Stock Exchanges.\u00a0
\nIn January, China Eastern Airlines shareholders gave their approval to separate the airline separation from its air freight and logistics subsidiary, Eastern Air logistics. The deal valued at US$353 million, transfers ownership of Eastern Air Logisitcs (EAL) from China Eastern Airlines, to Eastern Airlines Industry Investment, a wholly-owned subsidiary of China Eastern\u2019s parent group, CEA Holding.
\nEAL controlled most of China Eastern\u2019s main-deck cargo business through an 83% stake in China Cargo Airlines \u2013 a lossmaking venture that has failed to turn a profit in recent years. As is currently the case, China Cargo airlines will continue to manage belly space and freight operations on China Eastern\u2019s passenger flights.
\nNo longer under the auspices of China Eastern Airlines, Eastern Air Logistics is expected to pursue a more open development, and will likely continue its venture into businesses unrelated to airline operations.
\nThose interested in learning more about air freight in 2017, should join us at Cargo Facts Asia in Shanghai, 25 \u2013 26 April. \u00a0To register, or for more information, go to\u00a0CargoFactsAsia.com
\nSource: aircargoworld<\/p>\n","protected":false},"excerpt":{"rendered":"
China Eastern Airlines completed its divestiture from its freight subsidiary, Eastern Air Logistics, on February 8, 2017, according to a filing by China Eastern Airlines on the Shanghai and Hong Kong Stock Exchanges.\u00a0 In January, China Eastern Airlines shareholders gave their approval to separate the airline separation from its air freight and logistics subsidiary, Eastern[…]<\/a><\/p>\n","protected":false},"author":1,"featured_media":2198,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[49],"class_list":["post-2197","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-airport-code"],"_links":{"self":[{"href":"https:\/\/www.actlogistics.vn\/vn\/wp-json\/wp\/v2\/posts\/2197","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.actlogistics.vn\/vn\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.actlogistics.vn\/vn\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.actlogistics.vn\/vn\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.actlogistics.vn\/vn\/wp-json\/wp\/v2\/comments?post=2197"}],"version-history":[{"count":0,"href":"https:\/\/www.actlogistics.vn\/vn\/wp-json\/wp\/v2\/posts\/2197\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.actlogistics.vn\/vn\/wp-json\/wp\/v2\/media\/2198"}],"wp:attachment":[{"href":"https:\/\/www.actlogistics.vn\/vn\/wp-json\/wp\/v2\/media?parent=2197"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.actlogistics.vn\/vn\/wp-json\/wp\/v2\/categories?post=2197"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.actlogistics.vn\/vn\/wp-json\/wp\/v2\/tags?post=2197"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}