China Eastern shareholder rejects Singapore offer, bid turns hostile
China Eastern Airlines shareholders have overwhelmingly rejected
the Singapore Airlines/Temasek bid for a 24% stake in the airline. Price was
the decisive factor, with China National Aviation Corp (Group) Ltd (CNACG) promising
at the weekend it would offer at least 32% more than the Singapore offer, were
it to fail.
Become a CAPA Member to access Analysis Reports
Our Analysis Reports are only available to CAPA Members. CAPA Membership provides exclusive access to in-depth insights on the latest developments in the aviation and travel industry, developed by our team of dedicated analysts located in Europe, North America, Asia and Australia.
Each report offers a fresh perspective on the latest industry trends and is available online or via the CAPA mobile app, with customisable alerts to help you stay informed and identify new business opportunities.
CAPA Membership also provides access to our full suite of tools, including a tailored selection of more than 400 News Briefs every weekday and comprehensive data and analysis on thousands of companies around the world.