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Investing.com -- China’s state-owned planemaker COMAC has proposed acquiring a majority stake in Laos’ government-owned Lao Airlines, according to the state-run Vientiane Times on Wednesday.
Lao Prime Minister Sonexay Siphandone informed the National Assembly on Monday that the government is evaluating COMAC’s proposal for a "comprehensive venture" that would include the Chinese aircraft manufacturer holding at least a 51% stake in the airline.
The prime minister noted that Lao Airlines is among four key state enterprises currently undergoing reform efforts.
The potential partnership follows Lao Airlines’ recent adoption of COMAC aircraft. The national carrier received delivery of a COMAC C909 regional jet at the end of March and has since been operating the aircraft on its domestic routes.
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