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NH buys stake in VN

ALL Nippon Airways has acquired an 8.8% stake in Vietnam Airlines worth US$108 million, reports Deal Street Asia. It is speculated that VN will hold an extraordinary meeting prior to 30 Sep to elect ANA representatives to the board. Under the strategic partnership, the two carriers will launch codeshare arrangements which will cover 30 major domestic routes within Japan and Vietnam and 10 international routes between the two countries.

The above snippet is the first part of an article sent to subscribers in Travel Daily's issue from 01 Aug 16

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