Hainan Airlines (HU) plans to invest more than CNY1 billion ($159 million) in its new subsidiary, Fuzhou Airlines, to be launched in conjunction with the Fuzhou provincial government.
Hainan Airlines A330-200. By Rob Finlayson Hainan Airlines (HU) plans to invest more than CNY1 billion ($159 million) in its new subsidiary, Fuzhou Airlines, to be launched in conjunction with the Fuzhou provincial government (ATW Daily News, Aug. 20). According to an industry insider, HU would be the controlling stakeholder with a 60% stake. The Fuzhou provincial government, represented by Fuzhou National Assets Investment Holding Co., would hold a 20% stake and the other two ...
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