The Civil Aviation Administration of China (CAAC) has approved the launch of Jiangxi Airlines, a new venture of Xiamen Airlines in conjunction with the Jiangxi provincial government.   Jiangxi Airlines has a registered capital of CNY2 billion ($325 million). Xiamen holds a 60% stake—including aircraft and the assets of Xiamen’s Nanchang Branch Co.—and Jiangxi Aviation Investment Co., representing the Jiangxi provincial government—holds a 40% stake with a CNY800 ...

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