China Southern Airlines (CZ) has entered into a joint venture (JV) agreement with government-owned Henan Civil Aviation Investment to launch a subsidiary, China Southern Henan Airlines Co. The JV has a registered capital of CNY6 billion ($946 million). CZ will invest CNY3.6 billion for a 60% stake in the JV and the Henan government will invest CNY2.4 billion for a 40% stake. The Henan provincial government, represented by Henan Civil Aviation Investment Co., was committed to ...

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