Hainan Airlines completes acquisition of 48.21% stake in Tianjin Airlines

Hainan Airlines completed (03-Feb-2017) the acquisition of a 48.21% stake in Tianjin Airlines for CNY5.6 billion (USD855.3 million), paving the way for all its subsidiaries to be listed as a whole entity. Following the deal, the registered capital of Tianjin Airlines will increase to CNY8.2 billion (USD1.3 billion). [more - original PR - Chinese]