China Eastern Airlines, which reported a company-record loss of CNY13.93 billion ($2.04 billion) in 2008, is committed to engineering a turnaround through cost control, targeted expansion and SkyTeam membership despite the threat of insolvency. Chairman Liu Shaoyong said earlier this year that CEA plans to narrow its loss significantly in 2009, break even in 2010 and turn a profit in 2011 (ATWOnline, April 16). But GM Ma Xulun said yesterday that the company's negative equity property has ...

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