Hainan Airlines subsidiary Tianjin Airlines to receive capital injection
Credit: Rob Finlayson
Hainan Airlines is expected to inject CNY980 million ($159.2 million) into subsidiary Tianjin Airlines in an effort to increase Tianjin’s competitiveness. After the transaction, Tianjin Airlines will have a registered capital of CNY7.35 billion. Hainan Airlines holds a 43.54% stake in the subsidiary...
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