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Hainan Airlines to relinquish controlling stake in Urumqi Air

Hainan Airlines, a carrier affiliated with conglomerate HNA Group, is planning to withdraw its holdings from low-cost airline Urumqi Air but retain management rights, The Paper reported on Tuesday night. Hainan Airlines has reached an agreement with the Urumqi municipal government, that it will transfer its holdings of Urumqi Air to the latter. After the […]