China Southern Airlines reportedly plans to purchase the 65% stake in neighboring Shenzhen Airlines formerly held by Li Zeyuan, who was arrested in November, in effort to strengthen its position in southern China. According to local press reports, CZ already has spoken with authorities in Beijing regarding the potential stake purchase. CZ GM Tan Wangeng refused to comment, however, calling the situation "too sensitive." Shenzhen said it has not had formal discussions regarding the stake with ...

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