Chinese regulators have approved the merger between China Eastern Airlines and Shanghai Airlines.

China Eastern received the approval from the China Securities Regulatory Commission on 30 December, says the Shanghai-based carrier.

The airline's board will proceed with the relevant procedures to complete the merger, adds the carrier.

China Eastern offered to take over rival Shanghai in July in a 9 billion yuan ($1.3 billion) deal. It recently completed a sale of shares, which raised 6.4 billion yuan, to fund the acquisition.

Source: Air Transport Intelligence news