Air China A319. Photo: By Rob Finlayson. Air China invested CNY86.8 million ($13.5 million) to take a 31% stake in Lhasa-based startup Tibet Airlines, which officially launched operations this week. The move is part of Beijing-based CA's continued expansion into West China. CA purchased the stake from Tibet Autonomous Region Investment Co., which originally held 51% (ATW Daily News, June 24). It also sent pilots, cabin crews and technicians to the new carrier for its formal ...

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