Sichuan Airlines plans to launch Hebei Airlines on June 29 using the assets of subsidiary Dongbei Air. Sichuan this month took over troubled Dongbei by investing CNY400 million ($58.7 million) to increase its ownership stake to 97% from 33.5% (ATWOnline, June 7). The launch of Hebei will be done in conjunction with the Hebei provincial government represented by Hebei Jizhong Energy Group. The airline's launch is waiting for approval from CAAC. It is widely speculated that HJEG will ...

Subscribe to Access this Entire Article

"Sichuan Airlines to launch Hebei Airlines" is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions? ATWPlus@penton.com.

Already registered? here.