China Eastern Airlines' negotiations with Singapore Airlines concerning the sale of a strategic stake in the mainland carrier are progressing well thanks to the support of the Chinese government, CEA President Li Fenghua revealed, although there is no fixed timetable to seal the deal. Li confirmed that SIA, or another investor, will hold no more than 25% of CEA in accordance with CAAC regulations on foreign ownership in China's airlines. He refused to give further details (ATWOnline, May ...

Subscribe to Access this Entire Article

"Chinese government supports possible SIA investment in China Eastern" is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions?

Already registered? here.