(Bloomberg) -- Singapore Airlines Ltd. may be close
to announcing plans to buy a stake in China Eastern Airlines
Corp., the nation's third-largest carrier, to tap China's rising
travel demand.
``We have a major issue'' to disclose, Luo Zhuping, China
Eastern's board secretary, said by phone today. Singapore
Airlines will make an announcement, spokesman Stephen Forshaw
said in a telephone text message. Shares of both carriers were
suspended from trading.
Read more at Bloomberg Emerging Markets News
to announcing plans to buy a stake in China Eastern Airlines
Corp., the nation's third-largest carrier, to tap China's rising
travel demand.
``We have a major issue'' to disclose, Luo Zhuping, China
Eastern's board secretary, said by phone today. Singapore
Airlines will make an announcement, spokesman Stephen Forshaw
said in a telephone text message. Shares of both carriers were
suspended from trading.
Read more at Bloomberg Emerging Markets News
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