Singapore Airlines and parent Temasek said Friday that they have signed a definitive agreement to buy 15.73% and 8.27% stakes respectively in China Eastern Airlines, nearly finalizing a deal that was announced in September. The agreement ATWOnline, Nov.6) gives the Singaporean investors a 24% holding in CEA and has led to speculation about potential further foreign investment in Chinese carriers and also possible consolidation in the rapidly growing market (ATWOnline, Oct. 17). SIA and ...
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