Hainan Airlines last week re-launched its Grand China Express Airlines subsidiary as Tianjin Airlines, part of its plan to focus on domestic regional market expansion this year and in 2010, according to Chairman Chen Feng. Tianjin-based GCEA has been loss-making since its June 2007 launch. The re-launched Tianjin Airlines has a registered capital of CNY1.3 billion ($190 million). Hainan will remain the controlling stakeholder and expanded its holding to more than 83% with an additional ...

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