Source: CCTV.com

01-03-2008 11:10

China Eastern and Singapore Airlines on Wednesday said the Singapore flag carrier's acquisition of a China Eastern stake is fair.

China Eastern and Singapore Airlines sign acquisition agreement.

This is to reject the strongly worded comments made by Air China that the acquisition, costing 920 million US dollars for the purchase of 24 percent of China Eastern, is unfair to investors.

As Singapore Airlines' rival and also a big shareholder of China Eastern, Air China urged a return to the negotiating table to work out a higher price.

 

Editor:Xiong Qu