China Eastern Airlines has stated its net profits for 2010 should be more than 10 times that of 2009 thanks to the rising demand for air travel in China and Asia. Net profit for the airline in 2009 were 540 million yuan ($81.73 million). “The air transportation market has been recovering rapidly and continued to grow in 2010. In particular, the air transportation market of the People’s Republic of China has continued to grow rapidly,” the airline stated. In a filing to the Hong Kong stock exchange, China Eastern said the record profits were the results of the acquisition of
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