China Eastern Plans Delta Air Pact, Drops American

Date : 03/29/2011 @ 11:27AM
Source : Dow Jones News
Stock : China Southern Airlines Company Limited (ZNH)
Quote : 56.55  -0.78 (-1.36%) @ 4:02PM

China Eastern Plans Delta Air Pact, Drops American

China South Air (NYSE:ZNH)
Historical Stock Chart

5 Years : From Jan 2013 to Jan 2018

Click Here for more China South Air Charts.

China Eastern Airlines Corp. Ltd (0670.HK) is dropping American Airlines as a code-share partner in favor of a proposed new pact with Delta Air Lines Inc. (DAL).

The Chinese carrier plans to join the Delta-led SkyTeam global alliance later this year after declining the overtures from Oneworld, the rival grouping led by American, a unit of AMR Corp. (AMR), and British Airways.

Delta and China Eastern applied to U.S. regulators to place codes on each other's flights between the U.S. and China and on services beyond their respective hubs, according to a regulatory filing. Such marketing pacts are common in the industry and help feed passengers and cargo into partners' networks.

China Eastern and American plan to end their code-share deal on May 31, according to a separate filing, and the proposed SkyTeam deal leaves Oneworld as the only one of the three global groupings without a Chinese partner. China Southern Airlines Co. (ZNH) is already a SkyTeam member, while Air China Ltd. (0753.HK) is in the Star grouping led by United Continental Holdings Inc. (UAL) and Deutsche Lufthansa AG (DLA.XE).

-By Doug Cameron, Dow Jones Newswires; 312-750-4135;


Latest ZNH Messages

{{bbMessage.M_Alias}} {{bbMessage.MSG_Date}} {{bbMessage.HowLongAgo}} {{bbMessage.MSG_ID}} {{bbMessage.MSG_Subject}}

Loading Messages....

No posts yet, be the first! No {{symbol}} Message Board. Create One! See More Posts on {{symbol}} Message Board See More Message Board Posts

Your Recent History
Gulf Keyst..
FTSE 100
UK Sterlin..
Stocks you've viewed will appear in this box, letting you easily return to quotes you've seen previously.

Register now to create your own custom streaming stock watchlist.

NYSE, AMEX, and ASX quotes are delayed by at least 20 minutes.
All other quotes are delayed by at least 15 minutes unless otherwise stated.