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Chinanews, Beijing, September 7 – “It will be a long-term policy for China to support and encourage investors2 from both home and abroad to invest on the civil aviation industry,” said Gao Hongfeng, deputy director of the General Administration of Civil Aviation (CAAC).
Gao said this during an online interview given to Chinese netizens. He also emphasized that all a foreign investor1 could hold no more than 25% of the shares of a joint-venture civil airline, and all the foreign investors of a joint-venture civil airline together could hold 49% of its shares at most. On September 2, China Eastern Airlines signed contract with several Singaporean enterprises, which will help to improve both the management and operation of the company.
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