A bid by Singapore Airlines to buy a quarter of China’s third-largest airline has fallen through at a shareholder’s meeting in Shanghai. The deal, worth nearly $US1 billion, came undone amid a series of unexpected moves by domestic Chinese competitors, and many analysts believe the central government took action to block foreign ownership in the booming air sector.
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Speaker – Li Fenghua, Chairman of China Eastern; Matthew Kwok, head of research at Tanrich Securities in Hong Kong; Peter Harbison, Executive Chairman of the Centre for Asia Pacific Aviation.
