China Eastern Airlines said yesterday it is moving to complete a stake sale deal with Singapore Airlines "as soon as possible" following Cathay Pacific Airways' decision earlier this week to back away from a CEA share purchase. CX last Friday suspended trading of its shares on the Hong Kong Stock Exchange pending a transaction announcement that was widely believed to be an offer to purchase a major stake in CEA in conjunction with Air China. The deal could have trumped an agreement reached ...

Subscribe to Access this Entire Article

"Printer-friendly" 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.