Air Transport World

China Eastern Airlines. (Asia/Pacific report).(financial management)(Brief Article)

China Eastern Airlines asked CAAC to raise the current foreign-ownership cap from 35% to 49%. Foreign shareholders currently own 32.7%. "Raising the foreign-ownership limit would enable us to bring in a partner to help improve management and expand globally," Chairman Ye Yigan declared during last month's IATA AGM in Shanghai, which China Eastern hosted.

Bao Peide, deputy head of CAAC, confirmed on the sidelines of the IATA meeting that Beijing is mulling a lifting of the ownership ceiling, with a decision expected "in the next few months. …

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