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)
