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Merger between China Eastern and Shanghai Airlines gets closer
Shanghai, China - The smaller carrier will keep its operational independence
Widely anticipated talks for a possible merger between China Eastern and Shanghai Airlines go on (see AVIONEWS). The shares of the two carriers have been suspended in the stock market since June 8, when voices about this eventuality first came out. Zhou Chi, president of the smaller airline Shanghai Airlines, stated that an agreement has been reached under which his carrier will become a 100% subsidiary...
AVIONEWS - World Aeronautical Press Agency - 1106491
AVIONEWS - World Aeronautical Press Agency
AVIONEWS - World Aeronautical Press Agency