China Eastern Airlines has an optimistic outlook about its cooperation with Singapore Airlines as the carriers share common business interests, CEA President Li Fenghua said yesterday. "Our deal with SIA is a milestone and a turning point for us," Li commented. The deal was sealed last month but has yet to be approved by shareholders (ATWOnline, Oct. 2). By selling a 24% stake to SIA, CEA more than quadrupled its net capital to CNY14.13 billion ($1.88 billion) and dropped its debt ratio to ...

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