China Eastern to sell properties for Pudong airport expansion

China Eastern Airlines (CEA) and its subsidiary Shanghai Airlines (SHA) will divest properties located in the Pudong International Airport Aircraft Maintenance Zone to the Shanghai Pudong New Area Construction and Transportation Commission. This move supports the "Pudong Airport Phase IV Expansion Project." The affected properties, including factories, warehouses, and station berths at Flyming Road 126, 128 and Flyming Road 100, are valued at RMB 1,282,317,808 in compensation.

The properties had a combined book value of RMB 406,708,619 as of June 30, 2025. The compensation will be paid in two equal installments. CEA anticipates that this transaction will generate a certain level of income, though the specific impact on net profit for the year is yet to be determined due to uncertainties in the timing of the property rights transfer and compensation payment.