Juneyao Air increases 9 Air stake; reports 3Q profit decline

Credit: Rob Finlayson
Shanghai-based Juneyao Air has announced that it has increased its stake in subsidiary LCC 9 Air from 83.3% to 95.2%. Juneyao made the announcement as it reported a net profit of CNY1.24 billion ($180 million) for the first nine months of 2019, a decline of 13.8% year-on-year despite a 17% revenue...

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