And he notes that Mesa Air Group, which operates primarily as a contract carrier throughout the U.S., recently signed a jointventure agreement with Shenzhen Airlines to create a Chinese regional airline.
"In reality, NEC could sell those shares after two years anyway as per contract" said Roderick Lappin, vice president of Lenovo Group and executive chairman of the jointventure Lenovo NEC Holdings.
It lost its exclusive contract as its carrier this year, when Verizon Communications ( VZ) and Vodafone ( VOD) jointventure Verizon Wireless began carrying the service.