Hainan buys stake in Hong Kong Airlines

Posted 15/12/2011

Hainan Airlines Investment Holding Co., a wholly owned subsidiary of Hainan Airlines (HU), has purchased a 19.02% stake in Hong Kong Airlines (HX) for CNY842 million ($132.4 million) in a move to strengthen the carrier’s financial position.

Originally published 14 Dec 2011 at: http://feeds.atwonline.com/~r/AtwDailyNews/~3/zPy8RIKDOSY/hainan-buys-stake-hong-kong-airlines-1214

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