First Eastern backs Japanese low-cost airline with ANA
First Eastern Investment Group, the leading private equity firm based in Hong Kong and headed by Victor Chu, will take a 33.3% stake in Japan’s first-ever budget airline company alongside All Nippon Airways (ANA), which will hold 39%.
First Eastern, known hitherto largely for investments in China, was understood to be injecting about 30% of the JNY10-50 billion ($119-$596 million) in the venture. The remainder will be taken up by Japanese...
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