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 ...

Subscribe to Access this Entire Article

"Shenzhen turns to Henan government for Kunpeng rescue" is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions?

Already registered? here.