Air China delays plan to bid for China Eastern

9/19/2008 9:20:43 AM

Air China has postponed plans to buy rival China Eastern Airlines because the aviation industry is struggling with falling demand for air travel amid financial turmoil in the US, Reuters reported.   Kong Dong, chairman of the Chinese flag carrier, said his priority was to weather the drop in demand by strengthening Air China's internal controls rather than growing through mergers and acquisitions, the strategy pursued by his predecessor, Li Jiaxiang. Cargonews Asia

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