Like a television soap opera Singapore Airlines is no longer courting China Eastern Airlines. Nor vice versa. I think. If true you will not be seeing those delectable Singapore Girls on China Eastern Airlines. But do not give up hope as yet. The game is possibly, although not probably, still in play.
The Chinese carrier has said would it not hold more talks with Singapore Airlines regarding sale of shares. In negotiations that is the sort of thing people say.
No reason was given which means everyone can give full rein to their imaginations.
Luo Zhuping, who is the board secretary of the airline, said it would not be fair to believe reporter speculation. He added that an official announcement would be forthcoming if a decision has been made. All of which probably sounded better before the translation.
He went on to state that he was disinclined to comment on the matter during the Beijing Olympics.
The story so far. In 2007, China Eastern said it would spin off 24% of its shares to Singapore Airlines. The airline is held by Temasek Holdings, the investment division of the Singaporean government.
That collapsed when China Eastern’s shareholders made it clear they preferred a deal with Air China. However, the deal between the state-run China National Aviation Holdings Co., the parent firm of Air China, and China Eastern failed to materialize.
Last week, news reports indicated that Singapore and China Eastern had decided to re-enter talks. A Singapore Airlines spokesperson said that the two sides were in touch about other mutual agreements.
Now comes the news it is off again.