Virgin Australia
China’s HNA Aviation Group Acquires 13 Percent Stake in Virgin Australia
| Girish Shetti | | May 31, 2016 09:12 AM EDT |
China's HNA Aviation Group, which owns China's fourth largest airline Hainan Airlines, is set to buy a 13 percent stake in Australia's airline company Virgin Australia for an estimated $159 million. HNA plans to further increase its share to 19 percent in the Australian company.
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