China Eastern will be "triple play" set up a new shipping company

Eastern Airlines Chairman Liu Shaoyong said, since February 8 this year, the official absorption of Shanghai Airlines, the two sides of the freight business integration being carried out intensely. Each side of freight companies - cargo aircraft and the cargo of aircraft, together with the China Aerospace Science and Technology free transfer of the Great Wall cargo airline, the three will set up "China Cargo Airlines Ltd.

", the new company. He also said that the East on the merger is completed, will introduce strategic investors, the relevant contacts are under way, he hoped that the new Eastern end of the debt ratio to less than 80%. China Eastern's liabilities, the current rate of 90%. Great Wall Airlines is the Aerospace Science and Technology in 2005 and Singapore Airlines Cargo, Singapore's Temasek Holdings, a subsidiary of a joint venture with registered capital of 1 billion yuan, of which space science and technology investment 510 million yuan, accounting for 51% of the shares, this part of the shares have been allocated free of charge to the Eastern.

China Eastern Airlines cargo operations on the long-term development, Liu Shaoyong said, is doing a comprehensive plan, more than a simple cargo, and to do as Federal Express, "a world." When asked about China Eastern Airlines cargo plane in the sky already have, will acquire Express as a "ground", the Liu Shaoyong said it was not convenient to disclose, but it is certain that action.

It is understood that the top six business express delivery company, and Eastern Airlines, like all gathered in Shanghai, China Eastern and Liu Shaoyong himself and including a number of applications, including delivery through courier companies are closely linked.