综合一区欧美国产,99国产麻豆免费精品,九九精品黄色录像,亚洲激情青青草,久久亚洲熟妇熟,中文字幕av在线播放,国产一区二区卡,九九久久国产精品,久久精品视频免费

Economy

Markets

Industries

Insights

Reports

Events

China Eastern to sell Wuhan subsidiary to China Southern

By Lu Haoting (chinadaily.com.cn)
Updated: 2009-03-23 10:49

China Eastern Airlines plans to sell its subsidiary in Central China's Wuhan to its rival China Southern Airlines, The Beijing News reported on Monday.

Related readings:  China Eastern group may get 2b yuan injection  China Eastern bets on lower fares to fly high  China Eastern to stem fuel hedging losses  China Southern invests in northeastern hub

The Wuhan subsidiary sustained the biggest loss - 1.6 billion yuan - last year among all China Eastern's subsidiaries.

The Beijing-based newspaper cited an unnamed source from China Southern as saying that the two carriers are in negotiations for the purchase deal.

Guangzhou-based China Southern holds the largest market share in Wuhan with 40 percent, while China Eastern holds 18 percent and Air China, the nation's flagship carrier, has 5 percent.

Beleaguered China Eastern has been cutting unprofitable routes amid the deepening economic crisis.