China Eastern Airlines denies merger talks

Egypt News.Net
Friday 25th July, 2008

China Eastern Airlines, which is the country's third largest carrier, has denied rumors of a merger plan with Shanghai Airlines.

A merger of the two carriers had earlier been rumoured as a means of consolidating aviation resources in Shanghai, one of the country's aviation centres.

But CEA has said in a statement that no merger talks have been held with CEA or any other airline.

CEA had signed a preliminary deal in September to sell a 24 percent stake to Singapore Airlines and the Singapore government’s investment arm Temasek Holdings.

The bid, however, was rejected in January by CEA shareholders.

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