Singapore Airlines (SIA) executives said in a promotion of Airbus A380 business flights to China that the strategic investor of China Eastern Airlines Corp. Ltd. would be other companies, suggesting that its equity cooperation with the Shanghai-based airline will fall through. 

SIA, together with its parent Temasek Holdings Pte Ltd., proposed in September 2007 to buy a 24% stake into China Eastern at HKD 3.8 per share, which was then vetoed at the latter's shareholders' meeting because Air China Limited offered higher price of HKD 5 per share at least. However, the Shanghai-based airline insisted on inviting SIA as its strategic investor, awaiting its shareholders to accept its choice.

Before the strategic partnership agreement between SIA and China Eastern expires on August 9, 2008, the Singapore company rather reserved money for uncertain situations as oil prices soared to over USD 143 on June 30, much higher than the prices at the time when it talked with China Eastern about the deal last year.

The Shanghai-based company restates that it will not invite any investor before the Beijing Olympics to open on August 8.