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

Companies

Shanghai Airlines to pull out of Star Alliance

By Wang Ying (China Daily)
Updated: 2010-07-30 09:36
Large Medium Small

SHANGHAI - Shanghai Airlines Co Ltd said on Thursday it has agreed to terminate its Star Alliance membership by the end of October.

The city-based carrier merged with China Eastern Airlines Co Ltd - a SkyTeam Alliance member - in February this year.

Shanghai Airlines said it will continue to offer all Star Alliance customer benefits and its passengers will enjoy their worldwide alliance benefits until October 31, 2010.

These include, for example, the collection and redemption of miles, participation in various Star Alliance fare products, and the provision of extra benefits to Star Alliance Gold and Silver customers, Xia Benjia, a Shanghai Airlines official, told China Daily.

"The termination of the membership is a formality after China Eastern and Shanghai Airlines combined to become a single carrier," said Luo Zhuping, board secretary of China Eastern.

"China Eastern signed a memorandum of understanding to join the SkyTeam global airline alliance in June. Therefore, Shanghai Airlines has to quit its former alliance to follow China Eastern," Luo said. Members of the same airline alliance can share assets such as sales offices, maintenance and operational facilities, bringing cost reductions.

A shift from Star Alliance to SkyTeam Alliance will not bring about many changes for Shanghai Airlines, as the three global alliances - Star Alliance, SkyTeam Alliance and Oneworld - have similar requirements for facilities in line with global standards, said Li Lei, an analyst from CITIC China Securities.

Analysts said Shanghai Airlines' decision to quit Star Alliance is just part of the two Shanghai carriers' merger and ongoing restructuring.

Related readings:
Shanghai Airlines to pull out of Star Alliance Shanghai Airlines seeks delisting; trading suspended
Shanghai Airlines to pull out of Star Alliance China Eastern to merge with Shanghai Airlines
Shanghai Airlines to pull out of Star Alliance China Eastern to launch JV
Shanghai Airlines to pull out of Star Alliance 
China Eastern sees profit jump

China Eastern and Shanghai Airlines have undergone major restructuring since the merger plan was announced last July. Shanghai Airlines permanently suspended its trading on January 25 after eight years on the Shanghai Stock Exchange, and settled its share price at 7.27 yuan.

China Eastern said in a statement to the Shanghai Stock Exchange on Thursday that its parent company, China Eastern Air Holding Company, will purchase Shanghai Airlines' subsidiaries - an in-flight catering company, an international travel agency and a trading company - to further integrate the two carriers' minor businesses.

The combination of the businesses will help the new China Eastern set a uniform standard for purchasing aircraft, food and equipment.

"A larger and more uniform order will not only save costs, but also result in greater efficiency," said Xu Xiang, an industrial analyst with Northeast Securities.

The two carriers' cargo businesses are also undergoing restructuring, according to Luo.

 

田阳县| 毕节市| 禄劝| 瑞丽市| 茌平县| 乡宁县| 西吉县| 新安县| 三河市| 榕江县| 陈巴尔虎旗| 祁门县| 浪卡子县| 贵溪市| 日喀则市| 临沭县| 麻江县| 温州市| 平江县| 祁连县| 尚志市| 麻城市| 余庆县| 永济市| 安溪县| 柳江县| 略阳县| 曲阳县| 洮南市| 平原县| 枝江市| 隆安县| 虞城县| 白朗县| 迁安市| 徐汇区| 吴江市| 繁昌县| 合肥市| 青阳县| 开原市|