China approves new airline for Jiangxi
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Authorities in China have approved the creation of a new airline in the southeastern province of Jiangxi.
Jiangxi Airlines has been given the green light by the Civil Aviation Administration of China (CAAC) to launch on 18 June 2015, from its home base at Changbei International Airport in Nanchang, the capital of Jiangxi province.
The new airline is a joint venture between Xiamen Airlines, which will hold a 60% stake in the venture, and the local state-owned company Jiangxi Aviation Investment Co Ltd, which will hold the remaining 40%.
Xiamen Airlines will initially supply the Jiangxi Airlines with aircraft, pilots and cabin crew. It will launch with a fleet of five Boeing 737s to major Chinese cities including Beijing, Shanghai, Guangzhou, Shenzhen and Chengdu, before expanding its fleet to as many as 30 aircraft by 2020.
China Eastern Airlines and Tianjin Airlines are currently the largest carriers operating at Nanchang Airport.
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