From BBC News:
Air China has upped efforts to buy a stake in China Eastern Airlines , saying it will pay more than a rival offer.
China Eastern shareholders meet on Tuesday to decide whether to accept a $923m (£467m) bid from Singapore Airlines and investment firm Temasek. But Air China said it will pay at least five Hong Kong dollars per share for the 24% stake – well above the HK$3.80 offer currently on the table. It promised a “strategic alliance” with China Eastern if the deal fell through. [Full Text]
[Image: There has been a large growth in air travel in China, from BBC News.]
