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BIZCHINA> Logistics China
Shanghai Airlines merges into China Eastern
(chinadaily.com.cn)
Updated: 2009-07-10 14:38

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Shanghai Airlines merges into China Eastern 
Shanghai Airlines would become a wholly-owned subsidiary of China Eastern Airlines and retain its brand, said Chairman Zhou Chi on the tie-up between the two carriers at a shareholders' meeting today. 

Shanghai Airlines would operate independently after the merger with China Eastern Airlines and retain its brand and existing routes, Zhou said. A detailed plan for the merger would be publicized in about a month from the suspension of the stocks trading, Zhou said, adding the transfer of shares will take about four to five months.

The full text is available in the June Issue of Logistics China. Please visit publications for more subscription details.

 
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