SYNERGY AND COOPERATION
We continued to enhance our strategic synergies with associated corporations in the Group. We adjusted
a number of flights with Air China member airlines and swapped slots at Hongqiao, Pudong, Hangzhou
and Nanjing airports among member airlines. We unified the PhoenixMiles brand within Air China member
airlines, and completed our consolidation with Air Macau’s frequent flyer programme. We optimised the
publication process of international fare for our corporate customers with Shenzhen Airlines, achieving cross
sales of RMB730 million with Shenzhen Airlines for 2014. We also established a payment risk communications
mechanism for Air China member airlines such as Shenzhen Airlines so that we can share our blacklist
databases. The MRO cost shared with Air China member airlines amounted to RMB730 million. Co-operation
in areas such as joint aircraft purchase and the management of overseas operations also made good progress.