China's Juneyao Air sets up investment firm, to bid for HNA Group's assets

China's Juneyao Air sets up investment firm, to bid for HNA Group's assets

Photo: Stefan Fluck/ Unsplash.com

Private Chinese carrier Juneyao Air announced it is setting up an investment firm with strategic investors to invest in airlines, and financial magazine Caixin said the new company is bidding for bankrupt HNA Group’s assets.

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