06-May-2011 12:27 PM
Grand China Air signs USD1.2bn private equity deal, ahead of listing this year
Analysis
HNA Group subsidiary Grand China Air has signed a USD1.2 billion capital injection agreement with private equity investor Chongqing Shenyin Longshen Investment Co. The investment will help the carrier fund aircraft purchases, repay short-term loans and conduct an IPO in the Hong Kong stock exchange.
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