Dongbei Air, the new regional that Sichuan Airlines plans to launch in the first half of next year, is expected to receive CAAC approval soon. According to a CAAC statement, Sichuan will hold a 33.5% stake in the startup with an investment of CNY53.6 million ($7.1 million), while Shenyang Zhongrui Investment Co. put in CNY54.4 million for 34% stake. Other investors are the Shenyang municipal government's state-owned Assets Supervision and Administration and Liaoning Huanjiang Industrial Co., ...

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