Singapore Airlines confirms talks with China Eastern Airlines |
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Published
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Thu, 10 May 2007 09:16
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SINGAPORE (XFN-ASIA) - Singapore Airlines Ltd (SIA) has confirmed that it and China Eastern Airlines Corp Ltd are in talks about cooperating, but it said no decisions had been made.'From time to time, we have general discussions with other airlines about possible opportunities, including China Eastern Airlines. China is a very important market in its own right for Singapore Airlines,' SIA spokesman Stephen Forshaw said.'The airlines are talking about possible cooperation, but there have been no decisions to pursue any other relationship at this point in time.'SIA was reacting to a report in the Chinese state-run China Securities Journal that loss-making China Eastern was in the final stage of talks about selling a strategic stake to SIA. The newspaper gave no financial details.An official in the office of the secretary of China Eastern's board declined to comment on the report.
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China Eastern Airlines seeking to join oneworld alliance - report 