according to Chen Feng, chairman of Hainan Airlines.
Speaking to reporters at the 17th Communist Party Conference, Chen said preparations for the 50-50 joint venture between Hainan Airlines' parent HNA Group and Shin Kong are underway, after it received approval from the Chinese government.
The venture still needs further approval from other regulators, Chen said.
Want more analysis like this? CAPA Membership gives you access to all news and analysis on the site, along with access to many areas of our comprehensive databases and toolsets.
Find out more and take a free trial.