Singapore Airlines heads back to China: cargo unit acquires stake in China Eastern’s cargo venture
Singapore Airlines (SIA) is dipping its toe back in the water in China after a tumultuous – and ultimately unsuccessful – attempt to buy a 24% stake in China Eastern Airlines in 2007/08. The airline’s cargo arm has agreed to acquire a 16% stake in China Cargo Airlines, the cargo subsidiary of the Shanghai-based airline, subject to regulatory and other approvals.
