China Eastern tweaks bellyhold cargo deal with China Cargo

China Eastern has adjusted its bellyhold freight business deal with sister carrier China Cargo Airlines, in light of changing market conditions following the coronavirus outbreak. The carrier states that the adjustments come amid falling demand for passenger transport, as well as its recent foray into the “unconventional method” of using passenger aircraft to carry cargo. "As a means of temporarily enhancing air cargo transport capacity under extraordinary circumstances, [China Eastern] is required to further clarify the business scope and pricing methods under unconventional circumstances such as ‘passenger-to-cargo conversion’,” China Eastern states. “The company and China Cargo Airlines have negotiated and agreed to adjust and optimise the [business deal’s] scope, pricing methods and settlement methods without altering, amongst others, the business entities, rights and obligations, and business procedures of both parties,” adds the carrier. <br/>