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Korea M&A Corporation
HONG KONG — Singapore Airlines was rebuffed Tuesday in an effort to take a stake in China Eastern Airlines in a move that could remake the shape of China’s aviation industry with the possible emergence of one dominant Chinese carrier. A decision by minority shareholders of China Eastern to reject a tie-up with Singapore Airlines and a Singapore government investor has set the stage for an unusua..
A move earlier this month by Singapore Airlines and Temasek, the Singaporean government's investment vehicle, to take a minority stake in troubled state-owned carrier China Eastern Airlines likely heralds further consolidation in China's aviation sector. Tie-up targets for international acquirers could include China Southern Airlines , which is China Eastern's state-owned peer, said analysts. Ai..