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The Battle for Shanghai?

24-Sep-2007

Cathay Pacific and its ‘deal of the decade’ partner,

Air China, are speculated to be preparing to make a combined offer today for

a significant stake in China Eastern Airlines, potentially blocking Singapore

Airlines’ (SIA) attempt to enter the Mainland passenger market. Cathay

Pacific shares rose 12% on Friday ahead of a trading halt regarding a "proposed

transaction". [294 words]

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