Hainan Airlines’ low-cost subsidiary Lucky Air plans to launch a low-cost carrier (LCC) in the Sichuan Province capital of Chengdu in an effort to explore the market potential of Southwest China. According to a statement released by Hainan Airlines through the Shanghai Stock Exchange, the new venture will be named Shen Niao Airlines and is expected to have a registered capital of CNY3 billion ($435 million). Lucky Air will hold a 35% stake with a CNY1.05 billion investment, Lucky ...

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