UPDATE 1-China to ease "one route, one airline" policy for Chinese carriers [Reuters]
China Eastern Airlines Corporation Ltd. (CEA)
US:NYSE Investor Relations:
irasia.com/listco/hk/chinaeast/annual/index.htm
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Source: Reuters
China to ease 'one route, one airline' policy for Chinese carriers | Reuters Reuters Staff 3 Min Read SHANGHAI (Reuters) - China will ease its near decade-old “one route, one airline” policy for Chinese airlines, the country’s aviation regulator said on Monday, allowing for increased competition on long-haul international routes. The Civil Aviation Administration of China (CAAC), in a statement on its website, said it has revised rules in response to a changing aviation market as well as the 2019 opening of a second international airport in Beijing, which in turn is aimed at creating the world’s largest aviation hub in the city. The CAAC introduced the policy in 2009 for long-haul international routes to prevent mainly China’s state-backed airlines from competing too aggressively on routes deemed difficult to profit from. But the policy made it difficult for airlines to expand international networks at a time of growing overseas travel, and has allowed airlines to develop control of p
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