CAAC sets limit of three new airline approvals p/a

CAAC Director General Li Jiaxiang stated although CAAC has commenced accepting applications for the establishment of new private airlines in China, it will raise the threshold for new airlines (Yicai, 04-Mar-2011). In 2008, Mr Li stated CAAC will not approve any new airlines within three years. Today, Mr Li stated CAAC will limit the number of new approved airlines to three p/a.