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MarketScreener Homepage  >  Equities  >  SHANGHAI STOCK EXCHANGE  >  China Eastern Airlines Corporation Limited    600115   CNE000000TR0

CHINA EASTERN AIRLINES CORPORATION LIMIT

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China Eastern Airlines : Air France KLM and China Eastern enlarge JV with Virgin Atlantic

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10/16/2019 | 05:44am EST
Logo of Air France is pictured on the first Air France airliner's Airbus A350 as it prepares to take off after a ceremony at the aircraft builder's headquarters in Colomiers near Toulouse

PARIS (Reuters) - French airline Air France KLM said on Wednesday plans to enlarge its current joint-venture cooperation with China Eastern with the addition of Virgin Atlantic.

The planned cooperation between the three airlines is due to enter into force in spring 2020, Air France KLM said in a statement.

"The announcement reaffirms Air France KLM's commitment to the Chinese market, having already implemented an enlarged scope of cooperation with China Eastern in January this year", French airline said.

(Reporting by Sudip Kar-Gupta; Writing by Matthieu Protard; Editing by Louise Heavens)

Stocks mentioned in the article
ChangeLast1st jan.
AIR FRANCE-KLM 0.98% 10.315 Real-time Quote.7.81%
CHINA EASTERN AIRLINES CORPORATION LIMITED -0.59% 5.09 End-of-day quote.7.79%
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Financials (CNY)
Sales 2019 127 B
EBIT 2019 13 198 M
Net income 2019 5 271 M
Debt 2019 165 B
Yield 2019 0,38%
P/E ratio 2019 14,2x
P/E ratio 2020 10,3x
EV / Sales2019 1,89x
EV / Sales2020 1,64x
Capitalization 75 316 M
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Mean consensus OUTPERFORM
Number of Analysts 22
Average target price 6,23  CNY
Last Close Price 5,12  CNY
Spread / Highest target 75,8%
Spread / Average Target 21,7%
Spread / Lowest Target -49,2%
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Managers
NameTitle
Yang Min Li Vice Chairman, President & General Manager
Shao Yong Liu Chairman
Sheng Xi Chairman-Supervisory Board
Yong Liang Wu Chief Financial Officer & Vice President
Bing Tang Director
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