The Civil Aviation Administration of China (CAAC) has approved HNA Group’s subsidiary Guilin Airlines, which is expected to formally launch by January 2016. Initially it will operate Airbus A319 aircraft and hire staff from HNA Group subsidiary Capital Airlines. The new venture has a registered capital of CNY600 million ($94 million), comprising 60% ownership by Guilin Tourism Development (with a CNY360 million investment) and 40% holding by Guilin Air Travel Group (with a CNY240 ...

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