Kunming-based Hongtu Airlines has launched its inaugural flight—Kunming-Nanchang service—after the Civil Aviation Administration of China loosened its grip on approving new entrants into the domestic airline industry. The new entity has a registered capital of CNY600 million ($91.5 million), in which Kunming Changqing Financing Guarantee Co. holds a 30% stake; Tang Longcheng holds a 20% stake; and Yunnan Huhutong Network Technology Co., Yunnan Defeng Logistics Co., Yunnan ...

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