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中国东航: 中国东方航空股份有限公司日常关联交易的公告
Zheng Quan Zhi Xing· 2025-07-04 16:34
Core Viewpoint - China Eastern Airlines has adjusted its daily related transactions for aircraft and engines for 2025, including the sale of old aircraft to optimize asset management and improve operational efficiency [1][8]. Summary by Category Daily Related Transactions for 2025 - The company plans to include the sale of aircraft and engines in its daily related transactions for 2025, with a maximum transaction amount of RMB 1.8 billion [1][8]. - The company will choose to sell to Eastern Airlines Leasing if their offer is competitive compared to others [1][8]. Daily Related Transactions for 2026 to 2028 - The company has identified new daily related transaction types for 2026 to 2028, including factoring services and aircraft and engine sales, while removing others like foreign trade import and export services [1][12]. - The maximum transaction amounts for financial services and aircraft leasing are expected to increase due to growing passenger revenue and cash flow [2][12]. Financial Services - The company anticipates a slight increase in the maximum daily deposit and comprehensive credit limits for the next three years, driven by increased cash inflow and financing needs [2][12]. - The company will maintain competitive deposit and loan rates with Eastern Airlines Finance compared to major domestic banks [3][12]. Aircraft and Engine Leasing Services - Eastern Airlines Leasing has strong capital strength and expertise in aircraft leasing, which helps reduce overall leasing costs for the company [3][10]. - The company plans to eliminate the previous restriction that limited leasing transactions with Eastern Airlines Leasing to 50% of the total planned aircraft and engine acquisition amount [9][10]. Catering and Supply Services - Eastern Airlines Food will provide comprehensive procurement and supply chain services for in-flight meals, helping to reduce costs and improve quality [4][12]. - The company will ensure that transactions with Eastern Airlines Food do not increase costs or reduce quality [4][12]. Exclusive Cargo Services - The company has granted China Cargo Airlines exclusive rights to operate its passenger aircraft cargo business to avoid competition and enhance operational efficiency [5][12]. Impact of Daily Related Transactions - The daily related transactions are based on fair market pricing and are expected to benefit the company and its shareholders without harming the interests of minority shareholders [5][12]. Future Transaction Estimates - The estimated maximum transaction amounts for 2026 to 2028 are projected to increase, reflecting anticipated growth in the aviation market and the company's operational scale [22][12].