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>SHANGHAI: China Eastern Airlines is preparing for a shareholders' meeting at which partnership with Singapore Airlines will be discussed.
China Eastern president and chairman Li Fenghua said yesterday the company was still keen on the Singaporean carrier becoming a partner.
On the sidelines of the Shanghai municipal committee of the Chinese People's Political Consultative Conference (CPPCC) meeting, Li told China Daily the Shanghai-based airline is continuing its cooperation with Singapore Airlines on a commercial level and the two "are discussing their partnership".
The remarks come after China Eastern accused a proposal by China National Aviation Corp (CNAC), the parent of its biggest domestic rival Air China, of counter-bidding for its shares, of being "informal" and "not conforming to legal procedures".
It is the first time China Eastern has made clear its determination to form a strategic partnership with Singaporean investors since its proposal to sell a 24 percent stake to Singapore Airlines and Temasek, the Singapore government's investment arm, at HK$3.80 (49 cents) per share was rejected at a shareholders' meeting on Jan 8 on the back of CNAC's counteroffer.
Air China and Singapore Airlines declined to comment yesterday.
"(Our partnership with) Singapore Airlines is sure," Li told China Daily.
"Our cooperation on a business level is still going on, and we are in talks.
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