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BUSINESS AS USUAL FOR GREAT WALL AIRLINES
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.” |
