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china eastern airlines announced friday it will invest 375 million euros (438 million u.s. dollars) to purchase a 10-percent stake of the european carrier air france klm to expand its european market.
中国东方航空公司周五宣布,将花3.75亿欧元(4.38亿美元)购买欧洲法航荷航集团10%的股份以开拓欧洲市场。
an overseas 1 of the shanghai-based airline has signed two agreements with air france klm about the purchase and future market cooperation. it will also appoint a representative to the board of directors of the european airline.
the purchase will be the largest strategic investment for the chinese airline.
2 air lines, which holds a 3.2-percent stake in china eastern, will also buy a 10-percent stake in air france klm.
all three airlines are members of the skyteam alliance.
the investment will help the three parties forge a closer global strategic 3 and enable them provide better services to customers, said liu shaoyong, chairman of china eastern.
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