Air China will boost its profile in the Pearl River Delta region by taking control of Shenzhen Airlines with a CNY682.1 million ($99.8 million) investment that will see its stake in the country's fifth-largest carrier rise from 25% to 51%. The Shenzhen municipal government will increase its share from 10% to 25% with a CNY348 million investment, and controlling stakeholder Li Zeyuan's 65% will fall to 24%, according to Air China's filing with the Hong Kong Stock Exchange and pending ...

Subscribe to Access this Entire Article

"Air China to take over Shenzhen Airlines for $100 million" is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions? ATWPlus@penton.com.

Already registered? here.