Hainan Airlines subsidiary Fuzhou Airlines has postponed its inaugural flight until the end of October. It was originally scheduled for Oct. 1. The new carrier is expected to receive an operating license from Civil Aviation Administration of China (CAAC) in early October. The Fuzhou-based carrier has a registered capital of CNY2 billion ($33 million) in which Hainan Airlines invested CNY1.2 billion for a 60% stake, while Fuzhou State-owned Investment Holding Co. and Century Golden Resources ...

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