国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

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.