China Eastern Airlines Corp failed to win support from Air China
Ltd's parent for a stake sale to Singapore Airlines Ltd during
yesterday's meeting of company executives, the Shanghai
Securities News reported, citing unidentified people.
China Eastern Chairman Li Fenghua and President Cao Jianxiong
held a three-hour meeting with Li Jiaxiang, chairman of Air China
and its parent, China National Aviation Holding Co, and Cai
Jianjiang, president of Air China, in Beijing yesterday, the
newspaper said.
The meeting didn't "bear fruit" and Air China's parent didn't
express support for the deal, said the newspaper, affiliated with
Xinhua news agency.
(Shanghai Daily December 21, 2007)
