Transport & Logistics
Temporarily grounded
February 2008: The battle over the future of China Eastern has left the country’s domestic aviation industry in a quandary
The mood at Singapore Airlines (SIA) was somber on December 8, following the rejection of its bid for a 24% stake in China Eastern Airlines (CEA) by the Chinese firm’s shareholders. In a brief statement, the Singapore carrier said it was “disappointed” the proposal had failed but that it would respect the outcome of the meeting.
CEA, which backed the deal, was more defiant. “China Eastern will never give up no matter how big the obstacle it faces,” s...
CEA, which backed the deal, was more defiant. “China Eastern will never give up no matter how big the obstacle it faces,” s...
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