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China Eastern signs JVA to bolster Shanghai ops

Continuing a trend of Chinese airlines teaming up with municipal and city councils to promote economic development, China Eastern Airlines (MU, Shanghai Hongqiao) has signed a strategic cooperation framework with the Shanghai Municipal People's Government to "deepen cooperation" and promote development in the city.

At a January 29 meeting in Shanghai attended by Li Yangmin, general manager of China Eastern Airlines; Chen Jining, secretary of the Municipal Party Committee; and Gong Zheng, deputy secretary of the Municipal Party Committee and also the city mayor, the parties agreed to work together to build Shanghai into a "world-class aviation hub."

While some private interests, such as Air France-KLM and Travelsky Technology, have holdings in China Eastern Airlines, the carrier is majority government-owned, with the China State-Owned Assets Supervision and Administration Commission having a 55.9% shareholding. According to ch-aviation PRO airlines data, the airline has 633 aircraft in its fleet (597 active) and is by far the biggest operator at its Shanghai Hongqiao International Airport base, with more than double the available weekly seat capacity and...