CAAC formally approves establishment of Longjiang Airlines

CAAC officially approved (15-Jul-2014) Harbin Jin Xiangyu Products Sales Co Ltd's application to establish Longjiang Airlines on 04-Jul-2014, with the company given between 04-Jul-2014 and 03-Jul-2016 to complete its preparation. The new entity will have a registered capital of CNY800 million (USD125 million), of which 100% will be invested by Harbin Jin Xiangyu Products Sales Co Ltd. [more - original PR - Chinese]