dogfight-over-china-eastern-airlines-continues

Dogfight over China Eastern Airlines continues

There is speculation that China Airlines will mount another attack on China Eastern Airlines.
Despite the signing of an agreement between Singapore Airlines SIA and Temasek Holdings to buy a 24% stake in China Eastern Airlines, this is not a done deal and speculation is rife that consolidation among ChinaÆs airlines is by no means over.

The deal signed with China Eastern Airlines in mid-November gave 15.3% of the company to Singapore Airlines and 8.3% to Temasek Holdings, the Singapore investment company. Nevertheless, the agreement is subject to a two-thirds minority approval by both holders of China EasternÆs Shanghai-listed A-shares as well as H-share investors at an EGM on January 8.

An attempt by Air China and Cathay Pacific to derail the deal in mid-September triggered a speculative frenzy...
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