Asia/Pacific

Hainan Airways to receive additional funds of 1.6 bn from Fagda Group

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Hainan Airways to receive additional funds of 1.6 bn from Fagda Group

Hainan Airways is about to receive funds of $1.6 bn from Fagda Group Industrial to help the airline in financial recovery. The securities regulator in China has approved of the private placement plan of Hainan Airlines. Fangda Group Industrial is a Chinese conglomerate that purchased a controlling s...

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