19th Feb 2008
SINGAPORE: Singapore Airlines said yesterday that its offer to buy a stake in China Eastern Airlines was still valid, but said it had no plan to revise its existing bid for the mainland carrier.
Singapore Air, the world's second biggest airline by stock market value, saw its bid to increase exposure to the booming China market suffer a setback after shareholders of China Eastern last month rejected a deal to sell 24% of the firm for US$920mil to Singapore Air and its parent Temasek.
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