China Eastern Airlines and AVIC I unveiled terms of their regional airline joint venture, which will be called Happy Air and eventually will fly a fleet of 50 MA60s and 50 ARJ21s, although regulatory approval may be delayed. CEA MD Cao Jianxiong said that the new venture has yet to secure CAAC approval although it submitted its plan to the regulator last August (ATWOnline, Oct. 16, 2007). "We are still in preparations, although there is no specific timetable on when we will get approval," ...

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