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 ...

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