BIZCHINA / Biz Media Digest

Transportation: Chinese airlines
(Xinhua)
Updated: 2006-04-03 14:33

China Eastern Airlines, a leading civil airline company based in Shanghai, announced last week that it will start flights to Frankfurt, Germany, on June 30. Employing A340-600s, the upcoming international flight services will be available every Tuesday, Thursday, Friday, Saturday and Sunday.

The Pan-American Aviation Holdings Ltd.(PAAH) is to become a shareholder of Grand China Airline (GCA), a subsidiary of the Hainan Airlines, China's fourth largest airline company.PAAH will buy 11 percent to 18 percent of the GCA's shares for US$60 million to 100 million, making it the second largest shareholder, according to a framework agreement that the two companies signed Saturday.


(For more biz stories, please visit Industry Updates)