Hainan Airlines Takes 23% Stake In TAP Portugal

July 21, 2016
Credit: TAP Portugal
SINGAPORE—China’s Hainan Airlines plans to take a 23% share in TAP Portugal, with a bond buy from Azul Brazilian Airlines, in a €30 million ($33 million) transaction. According to a statement from the Shanghai Stock Exchange, Haikou, China-based Hainan Airlines intends to buy the stake in TAP...

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