Shanghai carriers deny merger talks
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China Eastern Airlines and Shanghai Airlineshave not discussed exchanging stakes in each other, according to ChinaEastern’s Chairman, Liu Shaoyong. Shanghai Daily reported Liu making theannouncement at a shareholders’ meeting.
“The market is filled with anticipation of amerger between Shanghai Airlines and us, which is not a bad thing, but wehaven’t discussed with them about swapping stakes. Our current cooperationfocuses on sharing resources,” Liu was reported saying.
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