China Eastern bidding war continues

Aviation

Thursday, October 16, 2008 00:36:32

	China Eastern bidding war continues By STAFF EDITOR Published: February 13, 2008 12:00 PM Bidding for a stake in China Eastern Airlines is expected to heat up after Cathay Pacific said it will probably help fund any bid made by Air China’s parent, the Oriental Morning Post reported. “Cathay Pacific and Air China control a stake of around 17.5% in each other,” Cathay’s CEO Tony Tyler said. “Helping fund the bid can help us avoid stake dilution ... You are currently reading 70 words of 213 total words in this article. To continue reading this article, you must be a subscriber. Log in now. Buy this article now for $10 USD. Not a subscriber? Start your 7-day free trial now. bookmark \| digg \| Permalink \| Tell a Friend Tags for this article: investment , airline , cargo , China Aviation , management , Air China	More Articles in Aviation > Today’s Daily Briefs E-Mail Sign up for a roundup of the day’s top stories, sent every day. RELATED ARTICLES > Frankfurt Airport takes 24.5% stake in Xianyang airport management JV Airbus supports new repair base in Sichuan province Hainan Airlines restructures department stores Hainan Airlines pairs up with Yunnan government to rival Eastern Airlines China’s aviation sector in downward spiral Air China IH revenues up 5.5% to $3.55b Airbus may cooperate with China’s jumbo jet maker

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