20-Oct-2014 9:44 AM
Fuzhou Airlines receives air operator's certificate from CAAC
Hainan Airlines announced (17-Oct-2014) its Fuzhou Airlines subsidiary received CAAC approval for its pubic air operator's certificate on 17-Oct-2014. Based at Fuzhou Airport, Fuzhou Airlines has a registered capital of CNY2000 million (USD312.5 million), of which 60% was contributed by Hainan Airlines, 20% by Fuzhou State-owned Assets Investment Holding and the remaining 20% by two other investors. As previously reported, the start-up took delivery of its first aircraft, a Boeing 737-800, on 11-oct-2014. The carrier is expected to launch inaugural operations in late Oct-2014. [more - original PR - Chinese]