29-Sep-2009 9:25 AM

China Southern Airlines sells 50% equity interests in MTU Maintenance Zhuhai

China Southern Airlines and China Southern Air Holding Company (CSAHC) entered (28-Sep-2009) into a Transfer Agreement, involving the conditional sale of China Southern's 50% equity interest in JV company, MTU Maintenance Zhuhai Co Ltd, to its parent, for CNY1.6 billion (USD235 million). On completion, CSAHC will become a JV partner holding 50% of its equity interest in MTU Maintenance Zhuhai. The other JV partner is MTU. [more]