Chinese Cities Will Again Put Money Into Airlines

August 07, 2020
Ruili Airines aircraft on runway
The city of Wuxi says it has signed a framework agreement with the conglomerate that owns Ruili Airlines for a transfer of shares in the airline to a municipal company.
Credit: Danny Yu/Wikimedia
Two more Chinese municipalities are moving to invest in airlines, prompting a further retreat of private ownership in the country’s commercial aviation industry. As usual in China, the transactions should increase the airlines’ capital, enlarge their fleets and sharpen their focus on serving local...

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