Despite the continuing decline in domestic demand, Hainan Airlines is continuing to expand and now is preparing to launch a new airline expected to be based in Hangzhou. Hainan parent HNA Group signed a cooperation agreement last week with Qian Tang Aviation Group creating a joint venture called Qian Tang Air, which is expected to capitalize on the economic growth occurring in Zhejiang Province. QTA's registered capital will be CNY300 million. It will operate three leased A320s initially and ...

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