Singapore Airlines set to buy huge US$930 million chunk of China EasternFriday
Here is todays Top story about Singapore Airlines decision which could attract more foreign talents to move to Singapore
Singapore Airlines set to buy huge US$930 million chunk of China EasternFriday, August 31, 2007Singapore Airlines, and parent company Temasek Holdings is said to be gearing up to buy a estimated USD930 million chunk of China Eastern Airlines, in a merger set to rival the Air China and Cathay Pacific alliance.The agreement has not been completely finalised, but it is expected that Singapore Airlines will buy a 16% stake, and parent company Temasek Holdings will buy an 8% stake. The end figure is set to be released this Sunday.The stake has already been approved by Chinese regulators, and all that awaits now is the public confirmation of the final total.Analysts from the Centre for Asia Pacific Aviation (CAPA) have said of the merger in a statement, “Singapore - the hub - is [...]
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