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 ...

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?

Already registered? here.