MADRID - China Eastern Airlines signed a code-sharing agreement with Spanish carrier Air Europa on Thursday, under which both airlines hope to increase their presence and connectivity on the Asian and European continent.

The agreement was signed on the sideline of an international fair held here from Jan 18 to Jan 22.

Air Europa is expanding its code on flights operated by the Chinese airline between Madrid and Shanghai, while China Eastern Airlines will deploy its code on the European flights between Madrid and Brussels, Milan, Rome, Amsterdam, Frankfurt, Munich and Paris.

There will be four weekly flights between Shanghai and Madrid, using the latest model of the Airbus A330.

China Eastern Airlines is one of China's three flagship carriers, with a fleet of 600 aircraft.