China Lifts Ban on Independently Owned Airlines, WSJ ReportsBloomberg News
China’s aviation regulator lifted a six-year ban on independently owned airlines, the Wall Street Journal reported, without saying where it got the information.
The Civil Aviation Administration of China this month allowed a group led by Shandong province-based Nanshan Group to set up Qingdao Airlines, the newspaper said. Nanshan holds 55 percent of the carrier, Qingdao Transportation Development Group 25 percent and Air China Ltd. unit Shandong Airlines Co. 20 percent, it said.
That followed the regulator’s decision two weeks earlier to allow Yunnan Jing Cheng Group to establish Ruili Airlines in western China, the WSJ reported.
— With assistance by Dingmin Zhang