Shenzhen Airlines (ZH) is expected to end its partnership with Henan Airlines (VD) by disposing of its 51% stake in the carrier, which suspended operations after a fatal crash in August 2010 (ATW Daily News, July 13, 2011). Government-controlled Henan Civil Aviation Development Investment Co. plans to take over the troubled carrier with a 70% stake through a reorganization plan, paving the way to relaunch operations by year end. It is widely reported that after the carrier’s ...

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