Hong Kong Airlines expands board as it seeks fresh funds to survive

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Hong Kong Airlines expands board as it seeks fresh funds to survive
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Hong Kong Airlines (HKA) ex-director Zhong Guosong has been appointed its chairm...

FILE PHOTO: A Hong Kong Airlines Airbus A330-343 descends before landing at Hong Kong Airport in Hong Kong, China, April 4, 2018. REUTERS/Bobby Yip

The move hands effective control of the airline to Zhong and Chinese private equity firm Frontier Investment Partner who hold stakes of about 27 and 34 percent, respectively. HNA, which cut its stake two years ago, holds about 29 percent.

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