China Eastern Airlines' merger with Shanghai Airlines received final approval from the China Securities Regulatory Commission yesterday, giving CEA clearance to grab about 50% of the Shanghai market. China Eastern plans to acquire SAL through a share swap in which each SAL share will be exchanged for 1.3 CEA shares. SAL will keep its brand (ATWOnline, Oct. 12). Meantime, CEA received approval to issue additional nonpublic shares on the Hong Kong Stock Exchange worth CNY490 million ($71.8 ...

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