Rival China carriers mull joining forces

9/9/2008 10:19:52 AM

China Eastern Airlines is considering a merger with rival Shanghai Airlines and is still considering the possibility of selling a strategic stake to Singapore Airlines, China Eastern president Cao Jianxiong told a media gathering in Shanghai.   The discussion of a possible merger is being held by the two commercial carriers' respective government shareholders, reported Dow Jones.   He said the government plans to first inject capital into China Eastern and then facilitate its merger with Shanghai Airlines. The combined companies would then consider a stake sale to Singapore Airlines.   "Both deals, with Shanghai Airlines and Singapore Airlines, are possible," Cao said. "But for sure the merger with Shanghai Airlines will take place before a possible stake sale to Singapore Airlines."   CargonewsAsia

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