China Southern Airlines and Henan Civil Aviation Investment have agreed to launch a new joint-venture subsidiary, China Southern Henan Airlines.
China Southern will invest CNY3.6 billion for a 60% stake, with the Henan government investing CNY2.4 billion for the remainder.
China Southern and Henan Civil Aviation to launch JV
China Southern Airlines and Henan Civil Aviation Investment have agreed to launch a new joint-venture subsidiary, China Southern Henan Airlines.
China Southern will invest CNY3.6 billion for a 60% stake, with the Henan government investing CNY2.4 billion for the remainder.