News
Shanghai AJ Group commits to Juneyao Airlines investment vehicle
May 25th 2021
Investment firm, Shanghai AJ Group, has announced it will participate in plans by Juneyao Airlines to set up a vehicle to invest in aviation assets. Read More » The company said, in a regulatory filing to the Shanghai Stock Exchange (SSE), it will invest no more than four billion yuan (US$625 million) in the investment vehicle that will have up to 30 billion yuan in capital. Last month, Juneyao unveiled plans to establish the Shanghai Jidaohang Aviation Technology Partnership to target the assets of the debt-laden HNA Group. Juneyao Airlines and Shanghai AJ Group share parent company, Juneyao Group.
