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China's aircraft ambitions go global as COMAC takes rare step into airline ownership
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China's aircraft ambitions go global as COMAC takes rare step into airline ownership
Chinese aircraft manufacture COMAC has taken the unusual step of acquiring a 49% stake in Lao Airlines, the national carrier of Laos. The Lao Government will retain a 51% stake in the national carrier. The deal follows announcements in 2023 that the Lao Government was seeking investors for the airline, as part broad efforts to reform and improve four major state-owned companies. Discussion about COMAC taking an ownership stake in Lao Airlines un…
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