Shenzhen Airlines A320. Shenzhen International Total Logistics Co., a subsidiary of government-controlled Shenzhen International Holdings, purchased a 24% stake in Shenzhen Airlines for CNY789 million ($121.4 million), increasing its holding in carrier to 49% from 25%. The stake was previously held by Huirun Investment Co. and put up for bid earlier this year as part of Huirun’s court-ordered bankruptcy liquidation (ATW Daily News, Jan. 28). Air China took control of ZH in ...

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