Air China parent China National Aviation Holding Co. is preparing its own bid for China Eastern Airlines following the Tuesday rejection of the latter's stake sale deal with Singapore Airlines but is doing so with an eye toward cooperation rather than acquisition. "Our new bid will be mainly focused on how to better implement a Shanghai hub strategy and achieve synergy with CEA, which will possibly include a cross shareholding as well as the establishment of a cargo joint venture," a CNAC ...

Subscribe to Access this Entire Article

"Air China preparing CEA bid, highlights 'Shanghai hub' strategy" 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? ATWPlus@penton.com.