Photo of the Day: China Eastern to sell stake to Singapore Airlines

chinaeastern.jpgEven while Shanghaiist is waiting with bated breath for direct flights to the east coast, China Eastern Airlines is set to sell a 25 percent stake to Singapore Airlines, the world's largest carrier by market capitalisation, for HK$7.9 billion (US$1 billion) worth of new shares. In the meanwhile, Temasek Holdings Pte, Singapore's state-owned investment arm with $85 billion of assets, may join Singapore Airlines in its bid for a stake. China Eastern suffered a net loss of 2.8 billion yuan in 2006, thereby gaining the dubious honour of becoming the only one of China's three state-owned airlines to report a loss last year. Whatever it is, one can only hope this means better inflight service, better food, fewer delays and fewer cancellations for passengers.

Photo of China Eastern flight attendant by TommyOshima was found via the Shanghaiist Contribute page.

Shanghaiist has revived our "Photo of the Day", a series of daily pictures of life around the city. We want you to share how you see Shanghai. Simply post your photos on Flickr, tag them with "shanghaiist", and we'll select one favorite image per day. Or you can simply email your photos to photos[at]shanghaiist.com. So go ahead. Show us your Shanghai.

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Comments (3) [rss]

While flying from Kunming to Shanghai to Hong Kong in a three day period (2 flights) I had two 10 hour delays on China Eastern. There was nearly an uprising at Pudong, as well, during the 5th hour of my 2nd 10 hour delay. This can only make the airline better.

Even though China eastern Services might be not good, but I dont think it will beat Shanghai Airlines Service in suckness.
Last christmas I had a flight back from Taiyuan to Shanghai using Shanghai Airlines. There other 2 flights going to same direction, one is China eastern and other one I forgot.
All the flights were delayed due to fog, but after 2 hours the other airlines manage to continue the flight back to shanghai, while Shanghai Airlines' passangers stuck in the airport... for another 10 hours. We all were hungry, exhausted, since we all been up all morning , but there were no explanation at all by Shanghai airlines representative whatsoever. Instead of saying " sorry",they acted so rude, and the cowardness of one particular guy representative who looks like can't handle the job and made a new girl representative on the front line to get the fuming rage from passangers makes it very clear to see that nobody who represent that airlines had proffesional attitude. They literally dont know the term " service" means in the SERVICE industry.
NEVER in my life I had a flight service so bad like that. I will never use Shanghai Airlines again and I wont recommend anybody to fly it.
Fyi, shanghai airlines airline code is "FM".
so be careful when you book a flight, check the flight code again, make sure you not get boarded using Shanghai Airlines.

Sorry, but this is complete waste of money and breath. Temasek are ill advised to put money into an airline behemoth, that even the Chinese government seems to have given up hope on.

Rather spend less, and prop up the up and coming, wonderful Juneyao Airlines, a small albeit sparkling star on Chinas skies.

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