Hainan Airlines has bought a large minority stake in CR Airways, leading to a top-level management change in the Hong Kong carrier. A senior source at CR Airways says Hainan Airlines has bought a 45% stake in CR Airways and this stake will be transferred to Grand China Air, a new holding company which Hainan Airlines is establishing to house its airlines.
Subject ID: 16859
MoreHainan Airlines has bought a large minority stake in CR Airways, leading to a top-level management change in the Hong Kong carrier. A senior source at CR Airways says Hainan Airlines has bought a 45% stake in CR Airways and this stake will be transferred to Grand China Air, a new holding company which Hainan Airlines is establishing to house its airlines.
Subject ID: 16859
Subject ID: 16859