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      HNA acquires 48% stake in French airline  

      中國海航收購法國藍鷹航空48%股權

      23日,中國海航集團在巴黎完成對法國藍鷹航空(AIGLEAZUR)48%股權收購,成為僅次于法國GoFast集團的藍鷹航空第二大股東,這是中國國內航空公司首次投資歐洲航空公司。

      2012-10-24 14:46 Ecns.cn     Web Editor: Gu Liping comment

      Beijing (CNS) - - HNA Group, the parent company of Hainan Airlines Co. Ltd, completed its acquisition of a 48 percent stake in Paris-based private airline Aigle Azur on Tuesday.

      The deal makes HNA the second-largest shareholder in the airline after France's GoFast Group and marks the first time for a Chinese airline to invest in a European one.

      According to the agreement, Aigle Azur will be governed by an executive committee composed of five representatives, two of whom will be named by HNA. In addition, HNA will assign an executive member to be vice president and appoint a deputy chief financial officer.

      Aigle Azur's main bases are the Orly and Charles de Gaulle airports in Paris, and it operates international services to 30 countries, including Algeria.

      The investment in Aigle Azur is a significant milestone in the internationalization of HNA Group, as well as testimony to the cooperation between the enterprises of China and France, said Tan Xiangdong, from the board of HNA Group.

      The French airline will open its route from Paris to Beijing and extend its international flight network.

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      中國海航收購法國藍鷹航空48%股權

      23日,中國海航集團在巴黎完成對法國藍鷹航空(AIGLEAZUR)48%股權收購,成為僅次于法國GoFast集團的藍鷹航空第二大股東,這是中國國內航空公司首次投資歐洲航空公司。

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