China Eastern Air sells part of its freight business

China Eastern Air Holding Co has sold part of its freight business to four private firms.

The State-owned parent company of China Eastern Airlines revealed the news on Monday as it stepped up efforts to diversify its holdings.

"The move to sell part of Eastern Air Logistics Co will help to transform it into a comprehensive logistics provider," said Lin Zhijie, an aviation industry analyst and columnist at carnoc.com, one of China's largest civil aviation websites.