战略投资吉祥航空Strategic investment in Juneyao Airlines
Juneyao Airlines is one of the two major private-owned airlines in China, which has many excellent slots and traffic rights in several key markets. It also has a good brand reputation in East China. While maintaining highly growing speed, Juneyao Airlines also maintains stable profitability. Through share transfer from Juneyao Group (Juneyao Airline’s parent company) and participate in private placement, The Company holds 15% of its shares now. The equity investment in Juneyao Airlines is a model of cooperation between central state-owned-companies and private companies. Also, this equity investment will significantly enhance the strategic synergy effects between Juneyao Airlines and China Eastern Airlines in Shanghai market and achieve mutual benefits for both companies.