Aviation News
- Shenzhen Airlines plans US$1b share sale
Date: 14-Aug-2007 Sources: (Shenzhen Daily)
SHENZHEN Airlines, a major privately owned airline, aims to raise about US$1 billion in an initial public offering (IPO) of shares next year, a Hong Kong newspaper reported yesterday.
The South China Morning Post cited people familiar with the company as saying Shenzhen Airlines plans to raise up to US$200 million from the sale of a 20-percent stake before launching the IPO.
A fund run by Deutsche Bank and hedge funds, including Marathon and Och-Ziff, were among parties interested in the sale, the paper said, citing sources.
It gave no further listing details.
Another privately owned mainland carrier, Juneyao Airlines, plans to raise US$150 million by selling an up-to-25-percent stake to overseas strategic investors, the paper said. Juneyao has hired Citigroup as financial adviser for the share sale, it added.
Sponsor Results:
