SIA in talks to buy China Eastern Airlines
Singapore Airlines has confirmed it is in an “advanced stage of discussions” about buying a stake in China Eastern Airlines.
The airline’s shares climbed 1.6% following reports that it is set to buy a 25% stake in the Shanghai-based carrier, which is China’s third largest.
Any deal would follow a similar tie-up between Air China and Cathay Pacific.
By Bev Fearis
Bev
Editor in chief Bev Fearis has been a travel journalist for 25 years. She started her career at Travel Weekly, where she became deputy news editor, before joining Business Traveller as deputy editor and launching the magazine’s website. She has also written travel features, news and expert comment for the Guardian, Observer, Times, Telegraph, Boundless and other consumer titles and was named one of the top 50 UK travel journalists by the Press Gazette.
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