China Eastern unveils expansion plans
Wednesday 15 September 2010
China Eastern Airlines plans to boost capacity by up to 10 percent in the near term as the carrier looks to expand its international network to meet soaring demand, a report said Tuesday.
The Shanghai-based carrier aims to raise the proportion of its total revenue from international services to 50 percent in two years, from an expected 35 percent at year's end, Executive Director Luo Zhuping told Dow Jones Newswires.
"We are in an unprecedented period of expansion for the Chinese aviation industry, with the growth rate better than we originally expected," Luo said in an interview.
The official said the airline was considering new international and regional routes, as well as increased frequencies, but declined to elaborate. The company now operates 80 international and regional services.
China Eastern, the country's second-biggest airline by fleet size after China Southern Airlines, merged with smaller rival Shanghai Airlines early this year. It remains open to strategic investors, Luo said.
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