China Southern’s Henan Airlines subsidiary has begun formal operations. The Zhengzhou-based carrier, which was launched in September 2013, has been established from assets of China Southern Henan Branch Co., which dominates the Henan market with more than a 50% market share. Henan Airlines has registered capital of CNY6 billion ($97 million), including an investment of CNY3.6 billion by China Southern, giving it a 60% stake. Henan Civil Aviation Development & Investment Co., which ...

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