{"id":34538,"date":"2005-06-15T23:21:15","date_gmt":"2005-06-15T15:21:15","guid":{"rendered":"http:\/\/www.chinahospitalitynews.com\/2005\/06\/15\/china-eastern-plans-airline-acquisitions\/"},"modified":"2005-06-15T23:21:15","modified_gmt":"2005-06-15T15:21:15","slug":"china-eastern-plans-airline-acquisitions","status":"publish","type":"post","link":"https:\/\/www.chinahospitalitynews.com\/cn\/2005\/06\/15\/34538\/","title":{"rendered":"China Eastern Plans Airline Acquisitions"},"content":{"rendered":"<p><img decoding=\"async\" height=\"60\" src=\"http:\/\/www.chinahospitalitynews.com\/images\/chinaeastern_logo_120x60.gif\" width=\"120\" align=\"right\">Online carrier China Eastern Airlines is to acquire Chinese airlines Air Northwest and Air Yunnan in order to lift its share of the Shanghai aviation market to 50 per cent over the next five years.<\/p>\n<p><!--more--><\/p>\n<p>CEA, one of the three big mainland airlines, currently controls 37 per cent of the Shanghai market.<\/p>\n<p>The state-owned carrier, listed in both Hong Kong and New York, has set aside $156 million in cash for the acquisitions, which is in line with the government's strategy of consolidating and restructuring Chinese state-owned airlines into three major companies.<\/p>\n<p>After the takeovers, CEA's route network will more than double from 238 destinations to 503.<\/p>\n<p>The fleet will also increase from 103 aircraft to 163, while staff numbers will increase by 41 per cent. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Online carrier China Eastern Airlines is to acquire Chinese airlines Air Northwest and Air Yunnan in order to lift its share of the Shanghai aviation market to 50 per cent over the next five years.<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12723],"tags":[],"class_list":["post-34538","post","type-post","status-publish","format-standard","hentry","category-english"],"_links":{"self":[{"href":"https:\/\/www.chinahospitalitynews.com\/cn\/wp-json\/wp\/v2\/posts\/34538","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.chinahospitalitynews.com\/cn\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.chinahospitalitynews.com\/cn\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.chinahospitalitynews.com\/cn\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.chinahospitalitynews.com\/cn\/wp-json\/wp\/v2\/comments?post=34538"}],"version-history":[{"count":0,"href":"https:\/\/www.chinahospitalitynews.com\/cn\/wp-json\/wp\/v2\/posts\/34538\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.chinahospitalitynews.com\/cn\/wp-json\/wp\/v2\/media?parent=34538"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.chinahospitalitynews.com\/cn\/wp-json\/wp\/v2\/categories?post=34538"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.chinahospitalitynews.com\/cn\/wp-json\/wp\/v2\/tags?post=34538"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}