China Eastern Sees Aircraft Sales, Lower Fees Key To Turnaround
China's reduction of its civil aviation infrastructure levy (CAIL) will help China Eastern Airlines (CEA) return to profitability after a US$61 million loss last year, CEA Chairman Fu Yunbi told The DAILY. CEA made a profit of US$74.9 million in 1997. Fu said the $23.6 million earned from the sale...
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