AirMedia updates press release on name of cooperation party with China Eastern Air

China-based AirMedia Group Inc. (Nasdaq: AMCN), an operator of out-of-home advertising platforms, has announced that the original press release captioned AirMedia Provides Update on Cooperation with China Eastern Airlines published on December 14, 2018, referred to the wrong name of the cooperation party, the company said.

This press release corrects the reference to the cooperation party from China Eastern Airlines to China Eastern Airlines Media Co., Ltd.

AirMedia Group Inc. (AMCN) targets mid-to-high-end consumers as well as a first-mover in the travel Wi-Fi market. AirMedia sells advertisements on the routes operated by several Chinese airlines and also has concession rights to operate the Wi-Fi systems on trains administered by several railway administrative bureaus in China.