Air China May Sell Shrs To Deutsche Lufthansa

Air China may sell a 10% stake to Deutsche Lufthansa AG's (LHA.XE) Lufthansa German Airlines ahead of the Chinese carrier's upcoming stock market debut, the local Chinese-language newspaper Sing Tao Daily reports.
Air China plans to list shares in Hong Kong, by next month at the earliest, the report says. The airline hopes to sell an around 28% stake in an initial public offering that will raise between US$500 million and US$800 million.