Jiangxi Airlines, the Xiamen Airlines and Jiangxi provincial government joint venture, launched its inaugural flight on the Nanchang-Xi’an-Urumqi route on Jan. 29. Jiangxi Airlines has a registered capital of CNY2 billion ($325 million). Xiamen holds a 60% stake—including aircraft and the assets of Xiamen’s Nanchang Branch Co.—and Jiangxi Aviation Investment Co., representing the Jiangxi provincial government, holds a 40% stake with a CNY800 million ...

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