Beijing City Stake In HNA’s Capital Airlines To Surge

BEIJING—The acquisition by the Beijing city government of new shares in Capital Airlines—announced Dec. 12—will greatly enlarge the city’s holdings in the HNA Group’s second-largest carrier, industry sources said. The sale of capital follows 2018 agreements by the Urumqi and Kunming city governments...
Bradley Perrett

Bradley Perrett covered China, Japan, South Korea and Australia. He is a Mandarin-speaking Australian.

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