UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM 6-K
Report
of Foreign Private Issuer
Pursuant
to Rule 13a-16 or 15d-16
under
the Securities Exchange Act of 1934
For the
month of May 2010
Commission
File Number: 001-14550
China
Eastern Airlines Corporation Limited
(Translation
of Registrant’s name into English)
2550
Hongqiao Road
Hongqiao
Airport
Shanghai,
China 200335
(Address
of principal executive offices)
Indicate
by check mark whether the registrant files or will file annual reports under
cover of Form 20-F or Form 40-F: x Form
20-F o Form
40-F
Indicate
by check mark if the registrant is submitting the Form 6-K in paper as permitted
by Regulation S-T Rule 101(b)(1): o
Indicate
by check mark if the registrant is submitting the Form 6-K in paper as permitted
by Regulation S-T Rule 101(b)(7): o
Indicate
by check mark whether the registrant by furnishing the information contained in
this Form is also thereby furnishing the information to the Commission pursuant
to Rule 12g3-2(b) under the Securities Exchange Act of 1934: o Yes x No
If "Yes"
is marked, indicate below the file number assigned to the registrant in
connection with Rule 12g3-2(b): n/a
SIGNATURES
Pursuant to the requirements of the
Securities Exchange Act of 1934, the registrant has duly caused this report to
be signed on its behalf by the undersigned, thereunto duly
authorized.
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China Eastern Airlines
Corporation Limited
(Registrant)
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Date
May
19, 2010
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By:
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/s/ Luo
Zhuping
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| Name: Luo Zhuping | |||
| Title: Director and Company Secretary | |||
Certain
statements contained in this announcement may be regarded as "forward-looking
statements" within the meaning of the U.S. Securities Exchange Act of 1934, as
amended. Such forward-looking statements involve known and unknown
risks, uncertainties and other factors, which may cause the actual performance,
financial condition or results of operations of the Company to be materially
different from any future performance, financial condition or results of
operations implied by such forward-looking statements. Further
information regarding these risks, uncertainties and other factors is included
in the Company's filings with the U.S. Securities and Exchange
Commission. The forward-looking statements included in this
announcement represent the Company's views as of the date of this
announcement. While the Company anticipates that subsequent events
and developments may cause the Company's views to change, the Company
specifically disclaims any obligation to update these forward-looking
statements, unless required by applicable laws. These forward-looking
statements should not be relied upon as representing the Company's views as of
any date subsequent to the date of this announcement.
Hong
Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited
take no responsibility for the contents of this announcement, make no
representation as to its accuracy or completeness and expressly disclaim any
liability whatsoever for any loss howsoever arising from or in reliance upon the
whole or any part of the contents of this announcement.
(A joint stock limited company incorporated in the People’s Republic of China with limited liability)
(Stock code: 00670)
OVERSEAS REGULATORY ANNOUNCEMENT
SUPPLEMENTARY ANNOUNCEMENT FOR 2009 ANNUAL REPORT
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This
announcement is made by the Company pursuant to Rule 13.09(1) and Rule
13.09(2) of the Rules Governing the Listing of Securities on The Stock
Exchange of Hong Kong
Limited.
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The full
text and the summary of 2009 Annual Report (formulated pursuant to People’s
Republic of China Generally Accepted Accounting Principles) of China Eastern
Airlines Corporation Limited (the “Company”) were published on
the designated newspapers and websites on 20 April 2010. The Company is now
making the following supplementary explanations to relevant issues after the
subsequent review made by the Shanghai Stock Exchange:
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1.
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The aircraft introduction program of Shanghai Airlines in 2010
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In 2010,
Shanghai Airlines Co., Ltd (“Shanghai Airlines”) will introduce six
aircraft as originally planned, including the purchase of three A321 aircraft,
one B737-700 aircraft,
one B737-800 aircraft and the operating lease of one B737-800 aircraft.
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2.
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The
operating position and the main reasons for losses of Shanghai Pratt &
Whitney Aircraft Engine Maintenance Company Limited during the reporting
period
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Shanghai
Pratt & Whitney Aircraft Engine Maintenance Company Limited (“Shanghai P&W”) is a Sino-foreign joint
venture established by United Technologies International Corporation and the
Company on 6 November 2007 in Shanghai with its approved operating scope
including: the development and the provision of repair, maintenance and overhaul
services of aircraft engines and its related parts. Shanghai P&W originally
planned to commence operations in June 2009, which did not take place until the
fourth quarter of 2009 due to the delay in construction and inspection, causing
its actual volume of business for the whole year lower than expected. Other
costs such as fixed assets depreciation, amortization of intangible assets,
amortization of long-term deferred expenses and labor costs were all incurred as
planned. Accordingly, the amount of loss in 2009 was increased. In the first
quarter of 2010, the volume of business of Shanghai P&W had a substantial
increase as compared to the fourth quarter of 2009.
1
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3.
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The impact on the fair value of derivatives of fuel and the results of operations of
the Company caused by the fluctuation in aviation fuel price
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Based on the number of contracts and the price levels of the Company as of 31
December
2009, taking the key assumptions including forward curve and fluctuation rate of
oil price on the futures market adopted when the Company assessed the fair value
as of 31 December 2009 as a premise and taking account of the factor of the
reduction of the remaining maturity of the contracts, the sensitivity analysis
to the fair value of hedging contracts of crude oil of the Company is as
follows:
If the
oil price decreases by 10%, 20% and 30% respectively as compared to the closing
price on 31 December 2009, the fair value loss on 31 December 2010 will decrease
by RMB580 million, decrease by RMB320 million and increase by RMB82 million
respectively as compared to the fair value loss on 31 December
2009;
If the
oil price increases by 10%, 20% and 30% respectively as compared to the closing
price on 31 December 2009, the fair value loss on 31 December 2010 will decrease
by RMB850 million, decrease by RMB900 million and decrease by RMB940 million
respectively as compared to the fair value loss on 31 December 2009. The above
change in fair value will affect the profit or loss as well as the financial
position for year 2010.
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By order of the Board
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CHINA EASTERN AIRLINES CORPORATION LIMITED
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Luo Zhuping
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Director and Company Secretary
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The directors of the Company as at the date of this announcement are:
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Liu
Shaoyong
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(Chairman)
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Li
Jun
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(Vice
Chairman)
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Ma
Xulun
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(Director,
President)
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Luo
Chaogeng
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(Director)
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Luo
Zhuping
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(Director,
Company Secretary)
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Wu
Baiwang
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(Independent
non-executive Director)
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Xie
Rong
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(Independent
non-executive Director)
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Sandy
Ke-Yaw Liu
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(Independent
non-executive Director)
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Wu
Xiaogen
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(Independent
non-executive Director)
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Ji
Weidong
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(Independent
non-executive Director)
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Shanghai, the People’s Republic of China
19 May 2010
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