BEIJING—Lucky Air has become the latest HNA Group carrier to arrange a capital injection from a Chinese local government. Lucky has has signed a framework agreement for at least CNY200 million ($29 million) of capital from an official investment company in its hometown, Kunming. The company, Kunming Xishan Development Investment Group, “will actively participate in the capital expansion of Lucky Air,” the carrier’s majority owner, HNA’s Hainan Airlines, said ...


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