CAAC approves Juneyao Airlines LCC subsidiary

Credit: Rob Finlayson
The Civil Aviation Administration of China (CAAC) has approved the launch of Shanghai-based Juneyao Airlines’ low-cost (LCC) subsidiary Jiuyuan Airlines . According to the regulator, Jiuyuan has a registered capital of CNY600 million ($98.3 million). Juneyao Airlines holds a 69% stake with a CNY414...

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