{"id":33059,"date":"2006-01-04T22:10:09","date_gmt":"2006-01-04T14:10:09","guid":{"rendered":"http:\/\/www.chinahospitalitynews.com\/2006\/01\/04\/china-southern-acquires-35-stake-of-guangxi-airlines\/"},"modified":"2006-01-04T22:10:09","modified_gmt":"2006-01-04T14:10:09","slug":"china-southern-acquires-35-stake-of-guangxi-airlines","status":"publish","type":"post","link":"https:\/\/www.chinahospitalitynews.com\/cn\/2006\/01\/04\/33059\/","title":{"rendered":"China Southern Acquires 35% Stake Of Guangxi Airlines"},"content":{"rendered":"<p><img decoding=\"async\" height=\"60\" src=\"http:\/\/www.chinahospitalitynews.com\/images\/chinasouthern_logo_120x60.gif\" width=\"120\" align=\"right\">Guangxi South Holding Company has sold 35% of its stake in Guangxi Airlines to China Southern for RMB84.79 million, which has made the latter's share in Guangxi Airlines increase to 95%.<\/p>\n<p><!--more--><\/p>\n<p>Local reports show that the main reason for the transaction is that Guangxi South is in urgent need of funds to ease its debt burden. <\/p>\n<p>However, analysts say the deal is a defensive action taken by China Southern against the expansion of its competitor Hainan Airlines.<\/p>\n<p>At present, China Southern holds stakes in two airlines in the southwest region, while Hainan Airlines is expanding very rapidly in the region. Hainan Airlines has already opened a branch in Yunnan and is planning another one in Chongqing soon.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Guangxi South Holding Company has sold 35% of its stake in Guangxi Airlines to China Southern for RMB84.79 million, which has made the latter's share in Guangxi Airlines increase to 95%.<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12723],"tags":[],"class_list":["post-33059","post","type-post","status-publish","format-standard","hentry","category-english"],"_links":{"self":[{"href":"https:\/\/www.chinahospitalitynews.com\/cn\/wp-json\/wp\/v2\/posts\/33059","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.chinahospitalitynews.com\/cn\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.chinahospitalitynews.com\/cn\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.chinahospitalitynews.com\/cn\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.chinahospitalitynews.com\/cn\/wp-json\/wp\/v2\/comments?post=33059"}],"version-history":[{"count":0,"href":"https:\/\/www.chinahospitalitynews.com\/cn\/wp-json\/wp\/v2\/posts\/33059\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.chinahospitalitynews.com\/cn\/wp-json\/wp\/v2\/media?parent=33059"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.chinahospitalitynews.com\/cn\/wp-json\/wp\/v2\/categories?post=33059"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.chinahospitalitynews.com\/cn\/wp-json\/wp\/v2\/tags?post=33059"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}