China Express Airlines (G5, Chongqing) intends to sell the entirety of its ownership in training tech unit Huaxia Aviation Education Technology Industry Co. Ltd., to related entity Huaxia Yunyi International Education Technology Co. Ltd., for CNY604.43 million yuan (USD84.1 million), according to a February 21 filing.

The privately owned regional carrier said it was selling its subsidiary to focus on its core business of operating flights. According to the announcement, Huaxia Aviation Education Technology has a registered…

Source: ch aviation
Read more: China Express Airlines sells crew training unit for ¥604mn