Air Transport World

China Eastern Airlines.(ASIA/PACIFIC Report)(China Eastern Airlines Corporation Ltd.)(Brief article)

China Eastern Airlines is making preparations for the sale of a 24% stake to Singapore Airlines to be approved at a shareholder meeting to be held before year end, but the deal potentially could be derailed by a rival bid from Air China and Cathay Pacific, which made a brief run at the carrier in late September before withdrawing, reportedly because the share price was too high. Air China is the biggest holder of CEA's circulating shares

Separately, Shanghai Airlines denied widespread speculation that it will merge with CA or CEA, with one official insisting that it plans to "go its own way and become an international carrier. …

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