--- SEARCH ---
WEATHER
CHINA
INTERNATIONAL
BUSINESS
CULTURE
GOVERNMENT
SCI-TECH
ENVIRONMENT
SPORTS
LIFE
PEOPLE
TRAVEL
WEEKLY REVIEW
Film in China
War on Poverty
Learning Chinese
Learn to Cook Chinese Dishes
Exchange Rates
Hotel Service
China Calendar
Telephone and
Postal Codes


Hot Links
China Development Gateway
Chinese Embassies
Info
FedEx
China Post
China Air Express
Hospitals in China
Chinese Embassies
Foreign Embassies
Golfing China
China
Construction Bank
People's
Bank of China
Industrial and Commercial Bank of China
Travel Agencies
China Travel Service
China International Travel Service
Beijing Youth Travel Service
Beijing Xinhua Tours
Links
China Tibet Tour
China Tours
China National Tourism Administration

China's Fifth Private Airlines Approved for Scheduled Flights

The Junyao Group, a privately-owned Chinese conglomerate involved in aviation, dairy and real estate, has got the green-light to set up a new airline, company authority said in Shanghai on Friday. 

  

Junyao, a Shanghai-based company that has total assets of some 3.5 billion yuan (US$420 million), got the official approval from the General Administration of Civil Aviation of China (CAAC) on Thursday to run regular scheduled flights. 

  

It was the fifth private air company China's air service regulator has so far approved.

  

The new airline company has a registered capital of 150 million yuan (US$18 million), which shared by the Junyao Group and the Three Gorges Aviation and Tourism Investment Co.Ltd. Junyao will own a 53.33 percent-stake in the Eastern Express Airlines Co.

  

The Eastern Express will be based at Shanghai's Pudong or Hongqiao international airport to provide regular passenger, cargo and express mail services as well as chartered flights and aircraft maintenance services.

  

Preparatory work for the new company will last from now to June 2007, said sources with the Junyao Group.

  

Junyao Group, originally set up by Wang Junyao, a high-profile entrepreneur who died of cancer in November 2004 at 38, was the first operator of privately-owned chartered flights in China.

  

Junyao began offering chartered flights from Changsha in central China's Hunan Province to Zhejiang's Wenzhou City in 1991. It also owns an 18 percent-stake in Wuhan Airlines, a regional airline controlled by China Eastern Airlines.

 

(Xinhua News Agency July 1, 2005)

 

Regulations Halt Budget Airlines' Take-off
Cathay Pacific Awarded Best Airline
Korean Air, Okay in Talks to Form JV
Another Private Air Company Approved
Continental Airlines Takes to Chinese Skies
Print This Page
|
Email This Page
About Us SiteMap Feedback
Copyright © China Internet Information Center. All Rights Reserved
E-mail: webmaster@china.org.cn Tel: 86-10-68326688