Sichuan Airlines is preparing the launch of a new business jet joint venture with European Flight Services despite the decline in domestic demand that has accompanied surging fuel prices. Shanghai-based Genesis Investment Management also is expected to be a stakeholder in the new company, which will be named EFS Asia Pacific and will adopt the Legacy 600 as its main fleet type. A Sichuan spokesperson told ATWOnline that there "is no specific timetable" for launch. Although CAAC implemented a ...

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