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Shanghai Airlines merges into China Eastern

(chinadaily.com.cn)
Updated: 2009-07-10 14:38

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Shanghai Airlines would become a wholly-owned subsidiary of China Eastern Airlines and retain its brand, said Chairman Zhou Chi on the tie-up between the two carriers at a shareholders' meeting today. 

Shanghai Airlines would operate independently after the merger with China Eastern Airlines and retain its brand and existing routes, Zhou said. A detailed plan for the merger would be publicized in about a month from the suspension of the stocks trading, Zhou said, adding the transfer of shares will take about four to five months.

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