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China's airlines and foreign investment Part 2: Foreign acquisitions already an established strategy

Foreign acquisitions from Chinese airlines are already occurring, but are mostly small in profile and size. As CAPA previously highlighted, China has more foreign airline investments than any other country.

Air China has investments in Air Macau and Cathay Pacific, both outside mainland China. But all other transactions from airlines are from the HNA Group. Being privately-owned, HNA is not subject to the same oversight and restrictions as the big three state-owned carriers.

It is believed they have wanted to invest in foreign carriers in the past but were not allowed to.

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