China's new privately run LCCs are looking to strategic investors as a method of raising capital, as it is becoming increasingly difficult to access traditional sources of bank lending owing to the airlines' less-than-stellar financial performance. Juneyao Group announced that its Juneyao Airlines subsidiary is seeking a strategic investor to aid in the carrier's long-term development. The announcement was made after Juneyao said the airline was profitable in April and expects to post a ...

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