Hainan Airlines is expected to raise its stake in Shanghai-based Yangtze River Airlines from 0.37% to 11.6% with an investment of CNY915.2 million ($136.8 million) to enhance its position in Shanghai and the East China market. Hainan said a statement that Hainan Logistics Group will also invest CNY2.83 billion to become the biggest stakeholder of Yangtze River Airlines with a 35.13% stake. Two other HNA Group subsidiaries are also stakeholders in Yangtze River Airlines—Haihang ...

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