Hainan Airlines to transfer 48% stake in Tianjin Airlines to Hainan Airlines Group

    Hainan Airlines announced (17-Oct-2019) plans to sell a 48% stake in Tianjin Airlines to Hainan Airlines Group for CNY6.7 billion (USD946.7 million). Following the transfer, Hainan Airlines Group will hold a 48% stake in Tianjin Airlines, while Hainan Airlines will hold 47.82% and Tianjin Free Trade Zone Investment Holding Group will hold 4.18%.