Conglomerate HNA Group is in the process of reducing its shares from LCC Guangxi Beibu Gulf Airlines (GX Airlines) as part of the airline’s restructuring plans. Guangxi Beibu Gulf Investment Group, HNA Group and Guangxi Airport Management Group signed a framework agreement on June 11 to initiate the move.  HNA subsidiary Tianjin Airlines currently holds 70% share of GX Airlines, with the rest belonging to the state-owned Guangxi Beitou Civil Aviation Investment Co. The ...

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