Juneyao Airlines acquires 5% stake in China Eastern for $1.9b

A China Eastern Airlines plane takes off at an airport in Taiyuan, Shanxi province, April 5, 2013. REUTERS/Jon Woo

Juneyao Airlines and its parent are investing $1.9 billion (1.4 billion pounds) for a stake of around 5 percent in state-owned China Eastern Airlines, saying the investment is in line with Chinese policy and will boost Juneyao‘s brand abroad.

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