Shanghai-based Juneyao Airlines last week sold a 25% stake to a foreign private fund for $100 million, a source at the carrier said yesterday, taking the LCC one step closer toward its goal of listing on an overseas market by early 2009. "It took us about six months to conclude our negotiation with this private fund for the stake sale deal, which will provide strong financial support to our fleet expansion," the source said, refusing to reveal the name of the buyer. Juneyao plans to ...

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