Juneyao Airline low-cost subsidiary Jiuyuan Airlines is scheduled to launch formal operations around August to explore the labor market potential in the Pearl River region, according to Juneyao Airlines chairman Wang Junjin. The Guangzhou-based LCC has a registered capital of CNY600 million ($97.2 million). Juneyao Airlines holds a 69% stake with a CNY414 million investment; Elion Resources Group and Macrolink Holding Co. holds 15% and 10% stakes (with investments of  CNY90 million and ...

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