The Civil Aviation Administration of China (CAAC) has formally approved the launch of Guangzhou-based Guangdong Longhao Airlines. Guangdong Longhao Aviation Group wholly owns the new entity, which has a registered capital of CNY400 million ($61 million). Former China Eastern Airlines low-cost subsidiary China United Airlines GM Yao Weihui has been responsible for various preparation work for the new airline. The new venture is expected to operate Boeing 737s initially. More and more ...

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