SIA may buy into China Eastern
21 July 2006
Singapore Airlines (SIA), the company touted as the target of China Eastern Airlines search for foreign investment, has suggested that it may have held talks with the Chinese group, the Financial Times reported. Stating that it intermittently took part in "general discussions" with other airlines about investment opportunities, SIA indicated that Chinese groups had been involved in such talks. A stake in China Eastern analysts believe 20% of the company is worth about US$260 would allow SIA to expand its coverage in what is expected to become the world's biggest tourist market.
