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China Eastern names rival chief as director

(Agencies)
Updated: 2008-12-13 16:47

China Eastern Airlines said it would appoint Liu Shaoyong, chairman of China Southern Airlines, as a director of the company, replacing chairman and non-executive director Li Fenghua.

The Chinese airline also said it would appoint Ma Xulun as president and executive director of the company, replacing Cao Jianxiong.

The sources confirmed a report by the online edition of major Chinese financial magazine Caijing as saying the management reshuffle was part of preparations for a possible takeover of smaller Shanghai Airlines by China Eastern.