Eastern Airlines definition
Examples of Eastern Airlines in a sentence
Xi’an Cares is a non-wholly-owned subsidiary of the Company, which is owned as to 51% by the Company, 32% by Eastern Airlines, and 17% by China West Airport Group* (西部機場集團).
Pursuant to the original terms of Eastern Airlines System Services Agreement, ACCA and Eastern Airlines unanimously confirmed in writing on 13 December 2017 to renew such agreement for one year, pursuant to which both parties agreed to the provision of passenger transport revenue management system services and relevant settlement and clearing services by ACCA to Eastern Airlines, from 1 January 2018 to 31 December 2018.
Eastern Airlines is therefore a connected person of the Company pursuant to the Listing Rules.
As such, the transactions under the Eastern Airlines System Services Agreement constitute continuing connected transactions of the Company.
The Eastern Airlines Transactions between ACCA and Eastern Airlines under the Eastern Airlines System Services Agreement are in the ordinary and usual course of business of the Group.