China Eastern Airlines Co., Ltd. (00670) plans to absorb and merge wholly-owned subsidiary One, Two, and Three Airlines

Zhitongcaijing · 08/30 14:57

According to Zhitong Finance App, China Eastern Airlines Co., Ltd. (00670) issued an announcement. In order to further optimize the company's management structure, shorten the management chain, improve management efficiency, reduce management costs, integrate the ARJ21 fleet into the unified operation of the company's large fleet and coordinate production organization, the company decided to absorb and merge its wholly-owned subsidiary 123 Airlines Co., Ltd. (“123 Airlines” for short).

After the merger is completed, the company will inherit all assets, business, liabilities and all other rights and obligations of Air 1, 2, 3, and will continue to operate as the merger party; 1, 2, 3 will be deregistered in accordance with the law.