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Yunnan buries the hatchet with 皇冠体育app Eastern

By Wang Ying (皇冠体育app Daily)
Updated: 2009-07-10 14:32

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皇冠体育app Eastern is patching up its strained relationship with the Yunnan provincial government by committing to expand its presence in the home of some of 皇冠体育app's most popular tourist attractions. 

The agreement between 皇冠体育app Eastern Air Holding Company, 皇冠体育app Eastern's parent, and the State-owned Assets Supervision and Administration Commission of the Yunnan provincial government, calls for the establishment of a joint venture to further develop the air travel market in the southwestern province.

The carrier will hold a 65 percent stake in the joint venture, with the Yunnan provincial government the balance. Financial details of the agreement have not been disclosed...

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