Summary OTT Airlines failed to achieve financial success due to repeated losses and increasing debt levels. China Eastern's merger with OTT marks a strategic alignment to integrate the ARJ21s for operational efficiencies. Under new leadership, Wang's focus on state responsibilities influenced the absorption of OTT into China Eastern.
On August 30, China Eastern Airlines made a significant announcement about absorbing its fully-owned subsidiary, One Two Three Airlines ( OTT Airlines ). This merger represents a crucial shift in the strategy for China Eastern, a move that will bring OTT’s operations under its larger fleet. As part of this move, OTT Airlines will be liquidated, marking the end of its short-lived but eventful role in China’s civil aviation market.
OTT Airlines was created in 2020 with a clear purpose: to operate and promote the use of China’s self-developed and self-manufactured aircraft. However, after just a few years of operation, China Eastern has decided to bring the airline’s operations into its larger framework, raising questions about the success of OTT’s mission and what this merger means for both companies. The rise and fall of OTT Airlines OTT Airlines was initially seen as a strategic initiative to promote China’s self-developed aircraft.
In 2020, it started flying ARJ21 s with plans to incorporate C919s later on, positioning itself as the first airline in the world to fly C919 aircraft. Its mission was clear: to support China’s ambitious.