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China’s JuneYao aims to list airline unit in 2010

WUHAN, China - China's privately owned Juneyao Group intends to list its aviation arm in 2010 and will buy into more airlines if opportunities arise, according to a senior executive.Juneyao Air, the group's wholly owned subsidiary, has sold a 25 percent stake to an unidentified foreign investor for $100 million, Wang Junhao, the group's vice-chairman, told Reuters.