Merger a Possibility: Airline – China Daily

China Daily reports that “Air China says joining with rivals is an option, as profit rises 240%,” via China.org:

The mainland’s largest freight carrier Air China Ltd said yesterday it would not rule out the possibility of merging with rivals including China Southern Airlines to raise its competitiveness.

Air China President Cai Jianjiang made the remarks in response to speculation that the country’s three largest airlines might be restructured. Cai said the mainland’s aviation industry is looking into the issue, “but we have yet to make a submission to the central government to express our view”….[Full Text]

September 2, 2007 1:21 PM
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Categories: Economy