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China's Chengdu Airlines gets $191mn capital injection
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Chengdu Airlines sees capital injection from domestic plane manufacturer
State-owned Commercial Aircraft Corporation of China (Comac), manufacturer of the C909 regional airliner and flagship narrowbody C919, recently infused RMB 634 million ($91.76 million) into C909 launch customer Chengdu Airlines, reports the South China Morning Post. Comac has a 48% controlling stake of the airline. Combined with funding from other sources, the injection has nearly tripled […]
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