The airline was quick to stress that it has a commitment to name a new chairman “as soon as possible in accordance with legal procedures.”
Flights departing from Japan, Russia and France had the highest on-time rates. China ranked 7th in on-time rate, ahead of the US, India and Germany.
In the first half of 2019, the transport flight hours of the country's civil aviation industry has seen a 7.1 percent year-on-year growth.
The deal is expected to enhance Air China group's transport capability by about 9.7 percent, according to the statement.
The Guangzhou-based carrier operates an Airbus fleet of 335 aircraft, including 282 A320 Family aircraft, 48 A330 Family aircraft and 5 A380 aircraft.
On both Guangzhou to Nanjing and Guangzhou to Kunming, China Southern had been using a wide variety of aircraft even well before the MAXs were grounded.
The high-profile divestment would be part of Prime Minister Narendra Modi’s efforts to raise $15.3 billion selling stakes in state-run companies.
The number of Chinese visitors booking flights to the southeastern European country soared 280 percent in the first half (H1) of 2019.
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