HNA subsidiary Grand China Express Airlines, formerly Grand Xinhua Express, plans to sell a stake to Hyundai Heavy Industries so as to improve its financial performance, an industry insider told ATWOnline last week. The Tianjin-based regional has signed a letter of intent for cooperation with Hyundai, which is conducting due diligence on the airline in order to determine the size of its investment. It is widely speculated that the Korean company will purchase a 20% stake with an investment ...

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