Air China, which owns 25% of Shenzhen Air, wants a hub in the Pearl River Delta to compete with Guangzhou-based China Southern Airlines, the nation’s largest carrier. Consequently, it is trying to buy all shares in the company.
Bloomberg reported Beijing-based Air China took management control of Shenzhen Air in December after police began a probe of the smaller airline’s top executive and largest shareholder, Li Zeyuan.
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