China Eastern Airlines rose 1.7%, Air China gained 1.9%, and Cathay Pacific Airways added 3.5%.
Qantas said China Eastern Airlines is China's second largest airline in terms of passengers carried.
A. students are being funded by state firms like China Non-Ferrous Metal Industry and China Eastern Airlines.
In Shanghai, China Eastern Airlines fell 3.3%, Air China lost 3.2% and China Southern Airlines dropped 4.5%.
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Shares in Shanghai-based China Eastern and Guangzhou-based China Southern both gained 3% overnight in trading in New York.
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By contrast, China Eastern has 70% of its capacity deployed in the domestic market, while Air China has 65%.
Shares in Shanghai-based carrier China Eastern plunged 8.3% in Hong Kong on Friday.
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Therefore, it should come as no surprise that China Eastern would select Boeing aircraft for such a large purchase.
By 2006, eight private carriers had sprung up to challenge the three state-controlled majors, Air China, China Southern and China Eastern.
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China Eastern Airlines, the Shanghai-based carrier, just announced the order of 60 A320s from Airbus with delivery from 2014 to 2017.
Based in Shanghai, China Eastern Airlines (CEA, 36) is China's third-largest airline.
And as for Boeing, last year China Eastern decided to cancel its order for 24 787 Dreamliners and buy 45 737s instead.
They did somewhat better in Hong Kong, with China Eastern ending flat, China Southern losing 1.2% and Air China managing a 0.8% gain.
China Eastern is likely to have over half the passenger air-travel market in its home city after it completes a planned merger with Shanghai Air.
China Eastern will also return five Airbus A340-300s to in exchange for 15 smaller wide-body A330s, which could be operated on domestic routes, Bloomberg reported.
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Hong Kong health officials said a patient who is being treated there arrived from Mexico on a China Eastern Airlines flight that stopped in Shanghai.
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In the late 1980s the government created three gigantic carriers Air China, China Eastern, and China Southern to provide competition and service where there had previously been none.
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It has partnerships with Air Berlin, Air Seychelles and Virgin Australia, but also signed codeshare deals this quarter with Aer Lingus and China Eastern Airlines.
An official at China Eastern said the carrier launched emergency procedures after a flight from Lanzhou to Xi'an received a threat shortly after takeoff on Wednesday morning.
On March 28th, China Eastern Airlines was due to fly into Delhi from Beijing, inaugurating the first ever direct air link between the world's two largest countries.
Cathay could also gain exposure to the Chinese passenger market, which Boeing forecasts will grow 7.1 percent a year until 2022, through a long-mooted tie-up with China Eastern.
The Boeing planes are intended for flag carrier Air China, China Eastern and China Southern which last month said it intended to acquire 20 Boeing 737-800s pending government approval.
But China is likely to be cautious in granting Cathay additional flights given opposition from home carriers including Shanghai-based China Eastern Airlines as the fragmented Chinese airline industry consolidates.
The CAAC has urged the 10 airlines under its control to merge into three carrier groups under China Southern, China Eastern and unlisted Air China in a bid to boost competitiveness.
The China Daily reported that China Eastern Airlines said it got a sizable discount on the 737s because it was such a large order, and were paying less than the list price.
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"We see tremendous potential for the Qantas Group in Asia and we are looking forward to working more closely with China Eastern Airlines to deliver on it, " Alan Joyce, Qantas' chief executive officer said.
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