Shanghai Airlines definition
Examples of Shanghai Airlines in a sentence
Shanghai Airlines is a wholly-owned subsidiary of Eastern Airlines as at the date of this announcement and is principally engaged in the operation of civil aviation, including the provision of passenger, cargo, mail delivery and other extended transportation services.
Each of Eastern Airlines and Shanghai Airlines is therefore a connected person of the Company pursuant to the Listing Rules.
Access to the dynamic growth market of China was secured with the acquired membership of Air China and Shanghai Airlines at the end of 2007.5 Turkish Airlines and Egyptair joined in 2008.
The Parties have agreed that to a risk premium of approximately 25% will be provided to Shanghai Airlines in the Share Exchange to compensate Shanghai Airlines shareholders for the risk associated with participation in the Share Exchange, resulting in a Share Exchange Ratio of 1:1.3 between Shanghai Airlines and CEA, namely every one share in Shanghai Airlines may be exchanged for 1.3 shares in CEA.
Pursuant to a letter issued by China Eastern Airlines Company Limited (中國東方航空股份有限公司) on 22 June 2011, all its rights and obligations (including those of Shanghai Airlines Company Limited (上海航空股份有限公司)) under the Domestic Mail Revenue Accounting and Settlement Agreement will be taken up by its subsidiary China Cargo Airlines Co., Ltd (中國貨運航空有限公司).
Shanghai Airlines and its subsidiary bodies are in compliance with all laws related to mandatory social insurance, and make contribution to relevant governmental departments in a timely manner.
If the number of CEA Shares to be acquired under the Share Exchange by shareholders of Shanghai Airlines, calculated based on the Share Exchange Ratio, shall not be in whole integral number, those fractional shares shall be handled in accordance with the relevant provisions governing fractional shares as stipulated by SSE.
On 23 November 2018, ACCA, Eastern Airlines and Shanghai Airlines entered into the Eastern Airlines System Services Agreement, pursuant to which ACCA, Eastern Airlines and Shanghai Airlines agreed to the provision of passenger transport revenue management system services and settlement and clearing services by ACCA to Eastern Airlines and Shanghai Airlines, from 1 December 2018 to 31 December 2020.
Save as disclosed in the relevant information disclosure documents in relation to this Absorption, Shanghai Airlines and its subsidiary bodies has/ have paid in full all taxes which are due and payable (including withholding portions) in accordance with requirements, and shall not be liable to pay any additional tax.
As far as it knows, the business operations belonging to it or its subsidiary bodies or its intellectual property rights are not in violation of any intellectual property rights or any other proprietary rights, and Shanghai Airlines and its subsidiary bodies have not received any written notice questioning its right or its subsidiary bodies’ right to use; and it or its subsidiary bodies have not given any request to other persons as to an alleged violation of its intellectual property rights.