[photopress:air_China_Eastern.jpg,full,alignright]China Eastern Airlines reports the proposed sale of a minority stake to Singapore Airlines has won the approval of four government agencies. As a result it expects trading in its shares in Hong Kong and Shanghai to resume before the end of this month.
The four agencies who have approved are the State-owned Assets Supervision and Administration Commission, Ministry of Commerce, National Development and Reform Commission and the Civil Aviation Administration of China.
China Eastern is still awaiting the final approval of the State Council.
Luo Zhuping, board secretary of China Eastern Airlines said, ‘The terms of the proposed sales are similar to what have been widely reported in the media.’
According to the latest reports, Singapore Airlines and Temasek, the Singapore government’s investment company, will buy a combined stake of about 25% in China Eastern, China’s third-largest carrier.
Luo Zhuping said, ‘The top priority for us is to introduce new products from Singapore Airlines to improve client services. There’re going to be significant changes to the management of the company.
‘There will be a great improvement in the company’s decision-making and financial management after the induction of Singapore Airlines representatives into China Eastern’s board of directors.’
Good, nay, excellent. And staff training exchanges between China Eastern Airlines and Singapore Airlines have been conducted for a long time. More frequent exchanges are expected after the share sale.
All of which is very important. What the airlines of China need is the pizzaz, the imagery, the inflight service, the customer care which is synonymous with Singapore Airlines.
Silly to argue about which is the best airline in the world. There are so many different criteria you can use. But Singapore would certainly be in the top three. Now some of that magic may come to an airline in China. Which is most excellent news.