China Eastern Airlines and AVIC I launched their Joy Air joint venture in Beijing Friday with an eye on supporting the development of domestically produced aircraft and tapping the regional market in western China. The new regional carrier celebrated its launch by signing a letter of intent to purchase 10 ARJ21s. Joy is based in Xi'an, which is becoming a key hub in the west, and has registered capital of CNY1 billion ($142.4 million) (ATWOnline, Feb. 20). AVIC I is Joy's controlling ...

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