Singapore Airlines and its parent Temasek agreed to purchase 15.7% and 8.3% stakes respectively in China Eastern Airlines, giving them a combined 24% holding valued at HK7.15 billion ($917 million). Based on the agreement, about which there has been speculation for months (ATWOnline, July 4), SIA and Temasek will be entitled to nominate two and one CEA board members respectively. In addition, CEA and SIA will cooperate on marketing and sales, personnel training and flight management. "Our ...

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