From Bloomberg: China Eastern Airlines Corp. will combine with Shanghai Airlines Co. after joint losses of 16.5 billion yuan ($2.4 billion) last year prompted the government to bail out the two state-controlled carriers. “We...
From Financial Times: China Eastern Airlines admitted yesterday that a merger with Shanhai Airlines, its smaller rival carrier in eastern China, is being actively considered. Cao Jianxiong, president of China Eastern, said the...
From AFP: Two major Chinese airlines plan to cut the number of international flights they offer due to spiralling fuel costs, at least temporarily, the carriers said Tuesday. China Southern Airlines, the country’s top...
From Los Angeles Times: If American travelers thought they had it bad these days, consider what happened to passengers on 18 China Eastern flights recently. The planes took off from Kunming airport in southern China. Some turned...
From The Financial Times: In the media reports about offshore acquisitions by Chinese companies, the myriad diverse buyers are usually described in headlines and electronic tickers in a single word: “China”. It is a convenient compression. Autonomous as they may claim to be, every Chinese state enterprise, be it Minmetals, the Bank of China or […]
From The Financial Times: Minority shareholders in China Eastern Airlines rejected the proposed sale of 24 per cent of the carrier to Singapore Airlines and its parent Temasek on Tuesday, following an unprecedented campaign by domestic rival Air China to scupper the deal. The rejection leaves China National Aviation Corp , Air China’s parent, free […]
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 […]
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