ASSESSMENTS

China: China Eastern Airlines' Apparent Takeover Dodge

May 15, 2008 | 16:36 GMT

MARK RALSTON/AFP/Getty Images

Summary

China Eastern Airlines chairman Li Fenghua reiterated his bid for a partnership with Singapore Airlines Ltd. on May 14. His statements suggest that Air China may have abandoned its initial plans to seek to monopolize Shanghai’s aviation market via China Eastern, in part due to its failure to win Beijing’s backing.

Air China appears to have avoided a takeover bid from China Eastern Airlines....

Subscribe to view this article

Subscribe Now

Subscribe

Already have an account?