Air China. Photo: Courtesy, Airbus. Air China plans to launch a new Beijing-based business jet company in conjunction with the Beijing municipal government to compete with Hainan Airlines’ subsidiary Capital Airlines, according to an industry insider. CA is expected to sign a framework agreement soon with the municipal government and plans to hold a 51% stake in the new entity. The Beijing-based carrier already has a business jet subsidiary which launched in 2003 that operates ...

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