www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

   

China Eastern Airlines selling 24% stake

(chinadaily.com.cn/Agencies)
Updated: 2007-09-02 15:32

In a major effort to restructure China's fledgling air flight industry, Beijing has given the final approval for the Shanghai-based China Eastern Airlines to sell a 24 percent stake to Singapore Airlines and the well-known Temasek Holdings.


A carter drives past a China Eastern airliner parked at the Beijing International Airport in Beijing, China, Wednesday, Aug. 29, 2007. [AP] 

China Eastern officials said on Sunday at a press conference that Sinapore Airlines will pay $602 million for a 15.7 percent stake, while Tesasek, the Singaporean government's investment arm, will pay $321 million for an 8.3 percent stake in China Eastern.

Analysts said the team-up of the two airlines will bring much-wanted cash and managerial expertise to China Eastern. The $923 million deal has been long anticipated with trading in the two airlines' shares suspended since late May.

China Eastern is China's third-biggest carrier. The company reported net losses in 2005 and 2006, because of suffering from soaring jet fuel prices and intensifying competition.

"One thing for sure is that joining with Singapore Airlines will bring a lot of capital to China Eastern," the Associated Press quoted Ma Yin, an analyst with Haitong Securities, as saying on Sunday. "But this is no guarantee that China Eastern will overcome its debt problems," she said.

Like other major Chinese companies, airlines are seeking strategic investors to help build their cash bases and upgrade services.

The flagship Air China, headquartered in Beijing, has cross-shareholdings and cooperative arrangements with Hong Kong carrier Cathay Pacific Airways. Speculation over more merger activity stepped up last week after Air China said the government was considering a restructuring of the civil aviation industry to boost efficiency.

With air traffic demand expected to grow 9 percent annually, China's airlines are seeing strong increases in demand and revenue. China Eastern reported a 12 percent rise in passenger traffic in the January-June period to 26.5 million.

The Singapore carrier has seen disappointing results from its previous strategic investments. It held a 25 percent stake in Air New Zealand but lost millions of dollars when the New Zealand carrier came close to collapse in 2001. It has since sold off that stake, the Associated Press reported.



Top China News  
Today's Top News  
Most Commented/Read Stories in 48 Hours
主站蜘蛛池模板: 亚洲精品xxx| 日韩特黄特色大片免费视频 | 欧美精品xxxⅹ欧美 欧美精品不卡 | 亚洲综合色一区二区三区小说 | 欧美亚洲国产成人综合在线 | 9cao在线精品免费 | 黄色网址网站在线观看 | 综合自拍亚洲综合图区美腿丝袜 | 国产精品91在线 | 国产精品区一区二区免费 | 亚洲视频在线观看地址 | 91精品啪在线观看国产91九色 | 狠狠色狠狠综合久久 | 欧美视频在线一区 | 国产99视频精品草莓免视看 | 在线91精品国产免费 | 亚洲欧美日本视频 | 在线毛片免费 | 欧美午夜精品久久久久免费视 | 亚洲综合久| 久久99国产综合精品 | 日韩欧美亚洲中字幕在线播放 | 亚洲小视频在线观看 | 乱子伦一级在线现看 | 一级片观看| 欧美在线观看成人高清视频 | 国产自制一区 | 成人性动漫高清免费观看网址 | 久久久久久综合成人精品 | 成人免费视频软件网站 | 加勒比色久综合在线 | 欧美zoofilia杂交videos | 国产美女又黄又爽又色视频免费 | 国产欧美一区二区三区在线看 | 日韩国产欧美精品综合二区 | 偷拍第1页 | 久久精品视频免费看 | 日本免费一区尤物 | 国产经典一区 | 国产日本在线 | 亚洲操综合 |