HNA Group accelerates subsidiary consolidation

Hainan Airlines Group (HNA) is accelerating the consolidation of its subsidiaries with the transfer of a 14% stake in Tianjin Airlines to Hainan Airlines worth CNY1.09 billion ($178 million). After this transfer, Hainan Airlines will hold a 44.65% stake in Tianjin Airlines, while Tianjin Air Holding...

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