China to grant operational license to Shenzhen Airlines-Mesa Air JV
Beijing (XFN-ASIA) - China's General Administration of Civil
Aviation (CAAC) said it will grant operational license to Kunpeng Airlines Co
Ltd, a regional carrier set up by US-based Mesa Air Group and China's Shenzhen
Airlines Co Ltd.
The joint venture will have 500 mln yuan in registered capital, with Shenzhen Airlines holding a controlling 51 pct stake while Mesa Air's units Ping Shan SRL and Shan Yue SRL will hold the remainder, the CAAC said.
The industry regulator said in a statement that it is inviting comments from the public on the proposal.