CAAC approves launch of Jiuyuan Airlines

TESTCustomwebLP TESTCustomwebLP
By TESTCustomwebLP TESTCustomwebLP January 24, 2014 11:57

CAAC approves launch of Jiuyuan Airlines

The Civil Aviation Administration of China (CAAC) has approved the launch of Shanghai-based Juneyao Airlines’ low-cost (LCC) subsidiary Jiuyuan Airlines.

The new joint venture airline is set up with a registered capital of 600 million yuan, of which 69% will be contributed by Juneyao Airlines with 414 million yuan in cash or in kind, 15% by Elion with 90 million yuan, 10% by Macrolink Group with 60 million yuan and the rest 36 million yuan invested by Ji Guangping.

Juneyao Airlines will be based at Guangzhou Baiyun International Airport (CAN), the carrier is set to operate Airbus A320 aircraft.

TESTCustomwebLP TESTCustomwebLP
By TESTCustomwebLP TESTCustomwebLP January 24, 2014 11:57
Write a comment

No Comments

No Comments Yet!

Let me tell You a sad story ! There are no comments yet, but You can be first one to comment this article.

Write a comment

Only <a href="http://www.aviationnews-online.com/wp-login.php?redirect_to=http%3A%2F%2Fwww.aviationnews-online.com%2Fregulatory%2Fcaac-approves-launch-of-jiuyuan-airlines%2F"> registered </a> users can comment.