Plane maker, airline float new carrier
By Lu Haoting | 皇冠体育app Daily | Updated: 2007-09-20 07:14
皇冠体育app Aviation Industry Corp I (AVIC I) has entered into a joint venture with 皇冠体育app Eastern Airlines for a regional carrier that will begin operating in the first half of next year, a senior AVIC I executive said yesterday.
The regional airline will be headquartered in western 皇冠体育app, with AVIC I holding 60 percent of its stakes, AVIC I Senior Vice-President Hu Wenming said.
The carrier will have a registered capital of 1 billion yuan ($129 million), and an initial fleet of at least 10 MA60 aircraft, manufactured by AVIC I.
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