The majority owner of Yunnan-based Ruili Airlines is selling a stake to a company owned by Wuxi city. Photo: Weibo The majority owner of Yunnan-based Ruili Airlines is selling a stake to a company owned by Wuxi city. Photo: Weibo
The majority owner of Yunnan-based Ruili Airlines is selling a stake to a company owned by Wuxi city. Photo: Weibo
Aviation
Business /  Companies

Wuxi state-owned firm moves to buy Yunnan-based carrier, throwing Hong Kong Airlines discussions in doubt

  • Wuxi Communications Industry Group signs framework agreement to buy unspecified stake in Yunnan province’s Ruili Airlines
  • Deal could reduce the incentive for Wuxi to buy the troubled Hong Kong Airlines

Topic |   Aviation
Iris Ouyang
Iris Ouyang

Updated: 12:56am, 6 Aug, 2020

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The majority owner of Yunnan-based Ruili Airlines is selling a stake to a company owned by Wuxi city. Photo: Weibo The majority owner of Yunnan-based Ruili Airlines is selling a stake to a company owned by Wuxi city. Photo: Weibo
The majority owner of Yunnan-based Ruili Airlines is selling a stake to a company owned by Wuxi city. Photo: Weibo
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