FRANCE > China Eastern to purchase 10 percent stake in Air France KLM for $438 million

China-eastern_logo In a first of its kind investment by a China’s state-owned airlines carrier, China Eastern Airlines Corp Ltd is buying a 10 percent stake in Europe’s Air France KLM SA for 375 million Euro ($438 million) according to Reuters. Delta, which holds a 3.2 percent stake in China Eastern, is also buying a 10 percent stake in Air France KLM. According More …