Good week

China Eastern A320
 
CHINA EASTERN The Shanghai-based carrier expects 2010 profits to be 10 times the 540 million yuan ($81.6 million) it posted in 2009 thanks to a rapid recovery in travel demand in China, a "substantial growth" in traffic to Shanghai ­during the World Expo and its acquisition of Shanghai Airlines. The airline also ordered 50 Airbus A320s for delivery from 2012 to 2015 and expects an 860 million yuan investment from its parent company.

 

Bad week

Michael O'Leary
 © Ryanair
RYANAIR The budget carrier is on track for a showdown with UK regulators over its acquisition of a 29.8% share of Irish flag carrier Aer Lingus. When the Office of Fair Trading opened an inquiry in October 2010, Ryanair, which had hoped to buy Aer Lingus outright but was forced to settle for a minority stake, insisted it had missed its chance to examine the deal. But the OFT now says it only delayed action to avoid clashing with a separate EU look at the tie-up.

 

 

Source: Flight International

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