Dogfight in China's airspace: tie-up spat shows unusual discord by state carriers
Article Abstract:
China National Aviation Holding Co. has announced plans to vote against an agreement by China Eastern Airlines Corp. to sell a 24% stake to air carrier Singapore Airlines Ltd. and state-owned investment firm Temasek Holdings Private Ltd. The deal is valued at $923.8 mil. China National is a minority stakeholder in China Eastern. The move may signal that there are opposing views within China's government regarding how the nation's aviation business should be managed.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2008
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Singapore Air's deal to buy piece of China Eastern stokes competition
Article Abstract:
China Eastern Airlines Corporation Ltd. has agreed to sell Singapore Airlines Ltd. a stake, giving Singapore Airlines entry into China's domestic routes and access to its outbound international passengers. Although specifics have not yet been finalized, Chinese law caps foreign-ownership stakes at 25%.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2007
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Singapore Air seeks a piece of China's bright market
Article Abstract:
Singapore Airlines Ltd. is involved in advanced talks with China Eastern Airlines Corporation Ltd. regarding the purchase of a stake in the Chinese carrier. China's law limits investor stakes in Chinese airlines to 25%; Singapore has indicated the stake it seeks is less than that.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2007
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