Loading
5-Mar-2010 11:31 AM

DTW Group acquires Juneyao Group's 45% stake in Okay Airways

Okay Airways announced DTW Group has acquired Juneyao Group’s 45% stake in the carrier for CNY200 million (Xinhua, 05-Mar-2010). DTW Group Chairman, Wang Shusheng, will replace Juneyao Group Chairman, Wang Junjin, as Chairman and legal representative of Okay Airways. In Feb-2006, Juneyao Group purchased a 71.43% stake in Okay Airways’ largest shareholder, Beijing Okay Investment Co, for a 45% indirect stake in the carrier. Okay Airways is scheduled to receive three to four B737-800 and two MA60 aircraft this year. The carrier will resume B737-800 all-cargo service and MA60 air cargo feeder operations in Apr-2010.

Want More News Like This?

CAPA Membership gives you access to all news and analysis on the site, along with access to many areas of our comprehensive databases and toolsets.
Find Out More