Shenzhen turns to Henan government for Kunpeng rescue

Shenzhen Airlines plans to sell a partial stake in its Kunpeng Airlines subsidiary to the Henan government in order to raise funding for the troubled regional carrier. "We are still negotiating with the Henan provincial government on how much of a stake to sell and at what price to sell," a Shenzhen spokesperson told ATWOnline. Kungpeng may change its name to Henan Airlines as part of the deal. Similarly, Hainan Airlines sold a 20% share in Grand China Express to Tianjin authorities, then ...