Juneyao Airlines expects to report a net profit in excess of CNY70 million ($10.2 million) this year, a significant increase over the CNY50 million forecast in July (ATWOnline, July 21), and now expects earnings greater than CNY100 million in 2010 owing to strong domestic demand and fleet expansion, according to Chairman Wang Junjin. It posted a CNY11.5 million surplus in 2008. The privately held Shanghai-based carrier operates 12 A320s and plans to introduce two more by year end. It expects ...

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