The Civil Aviation Administration of China (CAAC) has given the go-ahead for the launch of China Southern subsidiary Henan Airlines Co. as the regulator loosens its grip on new entrants in the domestic airline industry. The new carrier will be established based on the assets of China Southern Henan Branch Co. that dominates the Henan market with more than a 50% market share in Henan. It is expected to have a registered capital of CNY6 billion ($97 million), including an investment of ...

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