Juneyao Airlines Group
Juneyao Airlines Group is a subsidiary of Shanghai Juneyao Group Co. Ltd, one of China's top 100 privately-held entities. Based in Shanghai and operating hubs at Shanghai Hongqiao and Pudong airports, Juneyao Airlines operates domestic passenger, cargo, chartered and mail services, as well as flights to Hong Kong, Macao and neighbouring countries. 9 Air is a subsidiary of Juneyao Airlines Group, with Juneyao Airlines Co. Ltd owning a majority stake in the low-cost carrier (95.24%). The Chinese LCC is based at Guangzhou Baiyun Airport, operating domestic services with Boeing 737-800 aircraft.
Juneyao Group and Shanghai Junyao Aviation Investment transferred a combined 7% of shares in Juneyao Air to Eastern Investment, a subsidiary of China Eastern Air Holding Company, for USD246.8 million. Juneyao Group's shareholding in Juneyao Air will reduce to 63.12% while Eastern Investment's shares in the carrier increasing to 15% following the transfer.
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