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Credit: Zhang Xiaoli/Feature China/Newscom
BEIJING—In early 2008, Avic I, as it was then, announced it was setting up an airline that would buy its regional airliners, a move that had many industry watchers perplexed. To any trenchant doubter of China's future in civil aeronautics, it must have seemed that the product, the 50-60-seat MA60...

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