China Eastern Airlines is in talks with three or four groups with a view to selecting one investor to take a minimum 20% stake in the company and help boost management operations. Company chairman Li Fenghua refused to say who was involved in the talks but another official revealed that Singapore Airlines was among them, the Wall Street Journal reported. The airline, one of the three major state-run carriers alongside Air China and China Southern, recorded a net loss of US$58.4 million last year following profits of US$40 million in 2004. It blamed rising competition and high fuel prices for the decline.