From BBC News:

Singapore Airlines and investment firm Temasek have bought a combined 24% stake in China Eastern Airlines.

Singapore will pay 4.7bn Hong Kong dollars (¬£298m) for a 15.7% share in the carrier, with Temasek spending 2.5bn HK$ for a 8.3% share….[Full Text]

[Image: Singapore is the world’s largest airline by market capitalisation, via BBC]