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BUSINESS AS USUAL FOR GREAT WALL AIRLINES
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Source: Great Wall Airlines
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11/03/2010
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Great Wall Airlines (GWL) is assuring customers that a recent change in majority
ownership will not affect the company’s operations.
China Eastern Air Holding Company, the parent of China Eastern Airlines, has acquired
the 51% stake previously held by Beijing Aerospace Satellite Applications Corporation.
The other shareholders in GWL, namely Singapore Airlines Cargo Pte Ltd and Dahlia
Investments Pte Ltd (a wholly owned subsidiary of Temasek Holdings Pte Ltd), remain
invested with a 25% and 24% stake respectively.
“It is business as usual and our customers can expect the same reliable, high-quality
service that Great Wall Airlines is well known for,” said GWL President, Mr Kuah Boon
Kiam.
“We remain committed to helping to serve the growing trade ties between China and
markets in Europe, the United States and Asia.”
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» Hamdi Chaouk, Director General of Civil Aviation – Lebanon
