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SIA in talks to buy China Eastern Airlines

Wednesday, 23 May 20073 min read

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