Juneyao Airlines’ low-cost subsidiary (LCC) Jiuyuan Airlines has received its air operator’s certificate and is expected to make its maiden flight this year. The Civil Aviation Administration of China (CAAC) approved the launch of Jiuyuan in January. Jiuyuan has a registered capital of CNY600 million ($98.3 million). Juneyao Airlines holds a 69% stake with a CNY414 million investment while Elion Resources Group and Macrolink Holding Co. holds 15% and 10% stakes, with investments ...

Subscribe to Access this Entire Article

"Printer-friendly" is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions? ATWPlus@penton.com.

Already registered? here.