March 10 (Bloomberg) -- China Eastern Airlines Corp. will receive its parent’s stake in a cargo venture with Singapore Airlines Ltd. this year as part of a plan to consolidate the carrier’s air-freight operations.China Eastern has already taken over management of Great Wall Airlines Co., Chairman Liu Shaoyong said today in Beijing.
Great Wall Air is 51 percent owned by China Eastern Air Holding Co., 25 percent by Singapore Air’s cargo unit and 24 percent by Temasek Holdings Pte, a Singapore state-owned investment company. Full Story
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China Eastern to Receive Stake in SIA Cargo Venture - Bloomberg.com
