premise: A bid made by Singapore Airlines for a 24% stake in China Eastern Airlines was turned down by minority shareholders. Talks about a sale started in March 2007 when Singapore Airlines and China Eastern started negotiations about a possible deal. According to Forbes the deal would have helped China Eastern's earnings and accelerate the consolidation and would have improved the market position of China's third-largest airline. Talks went on throughout the year and both companies suspended trading of their shares on May 21, 2007, according to a AFP press release.
hypothesis: China Eastern Airlines is owned by Singapore Airlines.