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