Delta Air Lines invests in China Eastern Airlines
BEIJING: U.S. based Delta Air Lines bought 3.55 percent of shares of China Eastern Airlines worth 450 million U.S. dollars on Monday.
The investment is part of a series of cooperation agreements signed by the two airlines, which both belong to SkyTeam Alliance.
“Delta’s investment will help us promote mixed ownership and speed up our overseas expansion,” said Liu Shaoyong, chairman of China Eastern Airlines.
China is the second-largest market for travel to the United States and is expected to take the lead in the next few years, according to Richard Anderson, CEO of Delta Air Lines.
The two airlines have signed codeshare agreements to operate 30 U.S. domestic flights, 43 Chinese domestic flights and seven trans-Pacific flights.
Related News
FPCCI Vice President advocates for closer academia-industry collaboration
ISLAMABAD, APR 26 /DNA/ – Qurat ul Ain Vice President Federation of Pakistan Chamber ofRead More
Soyabean, palm oil imports grew 53.07%, 28.55% in 09 months
ISLAMABAD, APR 24 (DNA) —Edible oil imports including soyabean and palm into the country during theRead More
Comments are Closed