Shanghai-based Junyao Airlines, benefiting from robust domestic growth and yuan appreciation, earned a net profit of CNY18 million ($2.4 million) from January to August operating with an average load factor of 80%, President Wang Junjin revealed this week on the occasion of the carrier's one-year anniversary. He expressed satisfaction with the result considering the company's youth. Buttressed by the solid result, Junyao is seeking to sell a 20%-25% stake to an international investor. "We ...

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