China Eastern Airlines and Shanghai Airlines have agreed on several major issues regarding their pending merger and expect to reveal further details within three weeks, CEA Chairman Liu Shaoyong said. Discussions began last Thursday when the airlines agreed to maintain the SAL brand and that no employees would be cut. Liu noted at a shareholders conference over the weekend that "the specific merger plan will have to be approved by the boards of CEA and SAL and the relevant government organs ...

Subscribe to Access this Entire Article

"China Eastern makes merger progress, re-launches search for investor" 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.

Already registered? here.