The Chinese government said it will loosen its control over China’s big three carriers—China Southern Airlines, Air China and China Eastern Airlines—allowing its ownership stakes in the airlines to fall below 50%. Currently, state-owned company China National Aviation Holding Co. holds a 53.5% stake in Air China, state-owned China Eastern Group holds a 56.4% stake in China Eastern and state-owned China Southern Group holds a 52% stake in China Southern. Industry analysts ...

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