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    600115   CNE000000TR0

CHINA EASTERN AIRLINES CORPORATION LIMITED

(600115)
  Report
End-of-day quote Shanghai Stock Exchange  -  2023-03-29
5.210 CNY   +2.16%
08:36aChina's top airlines post record annual losses, outlook brighter
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03/23China travel rebound bets turn toward airports, away from airlines
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03/20China says deadly 2022 plane crash still being investigated
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Airbus and partners embark on SAF deliveries in China

10/17/2022 | 11:13am EDT

Tianjin- Airbus has opened a new sustainable aviation chapter in China as an A320neo for China Eastern Airlines - first time powered by a five percent Sustainable Aviation Fuel (SAF) fuel blend - took off from its Airbus Delivery Centre in Tianjin.

SAF is a sustainably-produced aviation fuel made from feedstocks ranging from used fat, oil and grease to municipal and forestry waste. Compared to fossil jet fuel, SAF has been demonstrated to result in an up to 80% reduction in CO2 emissions across the entire SAF lifecycle. Therefore, it is considered as a key enabler to contribute to the decarbonization of aviation.

The SAF for the delivery flights in China is produced locally from used cooking oil by SINOPEC Zhenhai Refining & Chemical Company, a state-owned manufacturer in China. It is the first batch of Chinese SAF made by the only certified Chinese facility.

'The first SAF delivery flight of Airbus aircraft in Tianjin marks a historic milestone for Airbus and particularly for us in China,' said George XU, Airbus EVP & Airbus China CEO. 'It is a great step towards our vision of contributing to sustainable aviation as a long-term reliable partner in China. Thanks to the joint effort and the consensus on sustainability between us and our partners, we will be able to offer such sustainable solutions to all customers taking delivery from our Tianjin facilities. Going forward, we also aim to partner with more Airbus operators in China to fly commercially with SAF to further support the green aviation strategy in China.'

Currently, all Airbus commercial aircraft are capable of flying with an up to 50 percent SAF blend mixed with kerosene and are targeted to be capable for 100 percent SAF use in flight by the end of this decade. Since March 2021, Airbus has successfully accomplished 100 percent SAF test flights on A319neo, A350 and A380 aircraft.

@Airbus #AirbusChina #SAF #A320neo #Sustainability

Your contact

Lois Benquet

External Communications - Airbus

Phone: +33 6 42 88 10 65

lois.benquet@airbus.com

(C) 2022 Electronic News Publishing, source ENP Newswire

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Financials
Sales 2022 49 523 M 7 207 M 7 207 M
Net income 2022 -33 330 M -4 851 M -4 851 M
Net Debt 2022 214 B 31 153 M 31 153 M
P/E ratio 2022 -3,04x
Yield 2022 -
Capitalization 103 B 15 041 M 15 041 M
EV / Sales 2022 6,41x
EV / Sales 2023 2,82x
Nbr of Employees 80 321
Free-Float 23,7%
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Number of Analysts 14
Last Close Price 5,21 CNY
Average target price 5,60 CNY
Spread / Average Target 7,49%
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Managers and Directors
Yang Min Li Chairman & President
Qimin Zhou Chief Financial Officer & Vice President
Li Jun Guo Chairman-Supervisory Board & Chief Economist
Xue Bo Dong Independent Non-Executive Director
Hong Ping Cai Independent Non-Executive Director
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