China's Okay Airways seeking investment from foreign airlines

China's Okay Airways is inviting foreign airlines to take a stake in the privately owned carrier as it prepares for a possible stock market listing in mainland China between 2020 and 2021, the company's president said Monday. Li Zongling said that Okay Airways wanted a "reputable" foreign airline to take an upwards of 10% stake in the Chinese carrier and that it has held talks with airlines in Europe and Asia. He declined to identify the airlines. "I hope international airlines who are interested in the Chinese market and in private Chinese carriers will look at becoming a shareholder in Okay Airways," he said, citing Emirates and SIA as examples of airlines he considered reputable. He said that Okay Airways had ambitions to become a more international company, with plans to eventually launch routes to Europe and America. <br/>