China Eastern Airlines Corp Ltd said that it has no specific plan or timetable to introduce foreign strategic investors.

The company told the Shanghai Stock Exchange that although it has no plan to seek an investor it will consider such a move when the time is right.

The statement follows comments from the company's president Li Fenghua on Tuesday saying the firm has been in talks with three or four carriers for more than six months on attracting investment.

Li said he expected an investor to take a minimum 20 pct stake in the airline and a stake sale should raise up to 4 bln yuan.

China Eastern Airlines posted a net loss of 467.31 mln yuan last year, against a profit of 320.69 mln in 2004 under international accounting standards.

Its A-shares listed on the Shanghai Stock Exchange closed down 0.39 pct at 2.55 yuan yesterday.