The China Eastern Airlines/Singapore Airlines deal appears increasingly less likely to go through, with Air China stating yesterday that it is planning a counterbid while a change in CAAC leadership signaled that Beijing may be cooling to the stake sale. Li Jiaxiang, president of Air China parent China National Aviation Holding Co., was promoted to head China's aviation ministry on Dec. 28 and is known to be skeptical about foreign investment in Chinese airlines. CEA Chairman Li Fenghua said ...

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