[photopress:air_China_Southern_1_2_3.jpg,full,alignright]While the back and forth nonsense about Singapore Airlines continues – China Eastern Airlines chairman Li Fenghua said China Eastern wants to hold another shareholder meeting to discuss the planned sale – business continues. In the middle of the other negotiation China Southern Airlines and China Eastern Airlines have agreed on a framework agreement to cooperate in areas such as sales and procurement.
The agreement provides for the airlines to help each other in sales, aircraft procurement, ground service, sharing facilities and other areas.
China Eastern chairman Li Fenghua said it would not affect his firm’s effort to attract investment and find a strategic partner.
Liu Shaoyong, chairman of China Southern, the country’s largest airline by fleet size, said talks on the agreement had begun more than a year ago, and that the pact did not exclude cooperation with other carriers such as flag carrier Air China.
Meanwhile China Eastern has insisted it will not accept the Air China group as a strategic investor, and China Eastern’s parent group has refused to consider the proposal, saying it is incomplete and lacks legal validity. Eventually it will all be sorted out.
Source: CargoNews Asia