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(Times are provisional in HK time and GMT time in brackets; * denotes new entry; # denotes results cover; N/A denotes Not Applicable) FRIDAY, OCTOBER 9 ++ NEW LISTING ++
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BEIJING, Oct 09, 2009 (Xinhua via COMTEX) --
Shareholders of both China Eastern Airlines Corp. (600115.SH; CEA.NYSE) and Shanghai Airlines (600591.SH) Friday approved their merger plan.
Chin Eastern said in July it would swap 1.3 of its A-shares for every Shanghai Airlines share. Shanghai Airlines, with 1.3 billion outstanding shares, will be delisted from the Shanghai Stock Exchange after the merger with China Eastern.
The deal is expected to create a carrier with more than half the market share in Shanghai.
China Eastern Chairman Liu Shaoyong said Friday the airline had obtained anti-monopoly approval from Chinese Ministry of Commerce, a crucial prerequisite for the merger to go ahead.
China Eastern is China's third largest air carrier by fleet size, after China Southern Airlines (600029.SH; ZNH.NYSE) and Air China (601111.SH).
Tags: carrier china commerce merger shanghai
Companies: China Eastern Airlines Corp. Ltd. (CEA), Shanghai Airlines Co (SAHIF)
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China Eastern Airlines Corporation Limited is one of the three largest airliners in China. The Company was established as a joint stock limited company incorporated in the People's Republic of China on April 4, 1995.
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China Eastern Airlines Corporation Limited (simplified Chinese: 中国东方航空股份有限公司, abbreviated 中国东航; ; pinyin: zhōngguó dōngfāng hángkōng gǔfèn ...
http://en.wikipedia.org/wiki/China_Eastern_Airlines_Corporation_Limited
China Eastern Airlines Corporation Limited. The Group's principal activity operating civil aviation, including the provision of passenger, cargo, mail delivery and other extended ...
http://www.corporateinformation.com/Company-Snapshot.aspx?cusip=C15696350
China Eastern Airlines Corporation Limited. The Group's principal activity operating civil aviation, including the provision of passenger, cargo, mail delivery and other extended ...
http://www.corporateinformation.com/Company-Snapshot.aspx?cusip=16937R104