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China Eastern Airlines looks for investors
(China Daily)
Updated: 2007-05-15 08:50
The carrier's controlling shareholder is consulting with the State-owned Assets Supervision and Administration Commission, it said in a Shanghai stock exchange statement yesterday. China Eastern was the only listed Chinese carrier to report a loss last year and is facing increased competition in Shanghai, its main hub and China's commercial capital. (For more biz stories, please visit Industries)
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China Eastern Airlines Corp, the nation's third-largest carrier, said it is seeking strategic investors, possibly including Singapore Airlines Ltd.