24-May-2010 11:58 AM

China Eastern to commence introduction of strategic investors in 2010

China Eastern Airlines Chairman, Liu Shaoyong, stated the carrier hopes to commence preparatory work for the introduction of strategic investors this year, according to China Business News (China Daily, 22-May-2010). Mr Liu added "internationally renowned carriers with experience in management" will be the carrier’s first choice, but he also welcomes financial investors. China Eastern previously sought Singapore Airlines as a strategic investor but the plan was terminated in 2008.

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