Nearly three months after trading in its shares was suspended, China Eastern Airlines finally is on the verge of closing its deal to sell a 25% stake to Singapore Airlines. The transaction has been approved by appropriate government entities and is awaiting only a final okay from the State Council, an industry insider told ATWOnline last week. It is speculated widely that CEA will sell a 20% share to SIA and a 5% stake to SIA controlling shareholder Temasek Holdings, the investment arm of ...

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