(Bloomberg) -- China Eastern Airlines Corp., the
nation's third-largest carrier, won preliminary approval to sell
a stake to Singapore Airlines Ltd., which is seeking better
access to the world's second-largest aviation market.
Singapore Airlines and parent Temasek Holdings Pte. plan to
buy about 25 percent of China Eastern, Li Fenghua, the Chinese
carrier's chairman, said at a shareholders' meeting in Shanghai
today. Final details of the plan are now under discussion after
the State Administration of State-Owned Assets Commission
approved the deal, he added.
Read more at Bloomberg Emerging Markets News
nation's third-largest carrier, won preliminary approval to sell
a stake to Singapore Airlines Ltd., which is seeking better
access to the world's second-largest aviation market.
Singapore Airlines and parent Temasek Holdings Pte. plan to
buy about 25 percent of China Eastern, Li Fenghua, the Chinese
carrier's chairman, said at a shareholders' meeting in Shanghai
today. Final details of the plan are now under discussion after
the State Administration of State-Owned Assets Commission
approved the deal, he added.
Read more at Bloomberg Emerging Markets News
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