[photopress:air_china_and_sia1.jpg,full,alignright]Chairman Li Fenghua said China Eastern Airlines is still in talks to sell a stake to Singapore Airlines and it is very likely the two carriers will complete a deal.
No date was given for the end of this continuing soap opera by Chairman Li Fenghua said it would have to take a back seat to the more pressing priorities of relief efforts after this week’s devastating earthquake in southwest China and preparations for the Beijing Olympic Games in August. So do not expect it to happen Real Soon Now. (This last phrase is very common in the IT industry where a new product may happen but do not hold your breath.)
[photopress:air_china_and_sia2.jpg,full,alignleft]In January, China Eastern’s minority shareholders rejected its proposal to sell a 24% stake to Singapore Air and Singapore state investment agency Temasek for $920 million.
The thumbs-down came after the parent of Air China expressed interest in a tie-up with China Eastern, which the Shanghai-based airline rejected.
Chairman Li Fenghua also said China Eastern is making preparations to open an office in Taiwan in anticipation of the opening of direct flights across the Taiwan strait. (Note the illustrations are of hostesses from each of the airlines. Relevant and a lot more pleasant to look at than most aircraft.)