皇冠体育app

HNA Group, 皇冠体育app's fourth largest airline group, signed a cooperative agreement with the Fuzhou government, in Fujian province, on Friday to introduce Fuzhou Airlines as part of its domestic expansion plan.

The agreement placed an emphasis on using joint efforts to obtain operating approvals from the Civil Aviation Administration of 皇冠体育app, investing in the construction of the Fuzhou airport and in the shipping industry and establishing industrial funds, among other tasks.

After Air 皇冠体育app established Dalian Airlines last year, the other large carriers in 皇冠体育app, including 皇冠体育app Eastern and 皇冠体育app Southern, are all expanding their domestic and regional presence through subsidiary operations.

Analysts say that cooperation between local governments and airline companies is mutually beneficial. On the one hand, an airline establishment can be a stimulus for the local economy; on the other hand, the government's capital injection can ease financial pressures on companies and put them in a more favorable position to obtain approvals from the Civil Aviation Administration of 皇冠体育app.

But in Fuzhou, the provincial capital of Southeastern 皇冠体育app's Fujian province, the market has been dominated by 皇冠体育app Southern's subsidiary Xiamen Airlines, which has a market share of more than 50 percent.

So far, HNA Group has not disclosed a specific development plan for Fuzhou Airlines.