China Eastern Airlines Sells 20% Stake in Shanghai Airport Joint Venture for $42.1 Million

China Eastern Airlines has disposed of 20% equity interests in New Shanghai International for RMB286.4 million. The company is primarily engaged in the provision of airline transportation and extended services, including passenger and cargo transportation, tour operations, and general aviation transportation. It operates in the domestic and overseas markets.

Title: China Eastern Airlines Disposes of 20% Equity Interests in New Shanghai International

China Eastern Airlines has announced the disposal of 20% equity interests in New Shanghai International for RMB286.4 million. This strategic move aligns with the airline's broader objective to streamline its portfolio and focus on core competencies in passenger and cargo transportation, tour operations, and general aviation services. The sale is part of the company's ongoing efforts to enhance its market position and financial health.

The disposal of the equity interests follows a period of significant growth for China Eastern Airlines. In May 2025, the airline reported a substantial increase in passenger transportation capacity and traffic volume, with a notable rise in passenger load factor. The company expanded its domestic and international routes, introducing four new aircraft while retiring four others, maintaining a total fleet of 814 aircraft [2].

The latest analyst rating on the stock of China Eastern Airlines Corporation Limited Class H (HK:0670) is a Hold with a HK$2.30 price target. The stock has seen a positive technical sentiment signal, indicating a potential buy opportunity for investors [2].

China Eastern Airlines, based in the People’s Republic of China, operates both domestic and international routes, providing a range of services including passenger and freight transportation, tour operations, and general aviation transportation. The company's focus on expanding its market presence through increased flight frequencies and new routes underscores its commitment to growth and service enhancement.

References
[1] https://www.ceair.com/global/en_NZD/Announcement/BaggageService/FreeBaggageAllowanceandSpecifications/
[2] https://www.tipranks.com/news/company-announcements/china-eastern-airlines-reports-growth-in-passenger-traffic-and-fleet-expansion