China Eastern seeks foreign partner as domestic takeover looms
Unprofitable China Eastern Airlines risks losing its independence, and perhaps disappearing altogether, as a takeover by Air China emerges as an alternative to the foreign partnership that the struggling carrier has been trying to achieve. For the moment, China Eastern is still pushing ahead with the partnership talks, even trying to make itself more attractive to a strategic investor by seeking leniency from the 25% limit on any foreign shareholder's stake. The presumed strategic ...
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