Hainan Airlines Selling 48% Of Tianjin Airlines To HNA Group
Credit: Rob Finlayson
China’s Hainan Airlines will transfer 48% of its subsidiary Tianjin Airlines to parent company HNA Group in a transaction worth CNY6.7 billion ($946.7 million). The sale, at CNY1.7 per share, will make HNA the largest shareholder of Tianjin Airlines, leaving Hainan holding 47.8%, with the remaining...
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