Beijing Airlines receives preliminary approval, Air China to hold 51%

Beijing Airlines Co Ltd recently received (24-Apr-2018) preliminary approval from CAAC North China Regional Administration. Details are as follows:

• Capital: CNY1000 million (USD158.6 million), with investment from Air China (51%), Beijing Enterprises Group Co Ltd (18%), Beijing State-owned Assets Management Co Ltd (18%) and Zhongda Ruiyin Investment Co Ltd (13%);
• Management: GM Dai Hanyong, VP Zhang Yan, VP Zhang Xueheng;
• Airport base: Beijing Capital Airport;
• Business scope: Domestic passenger and cargo air transportation;
• Approved aircraft: Boeing 737-800, to be delivered from Air China;
• Operations: To use Air China's CA code, with routes, slots and apron resources to come from Air China. [more - original PR - Chinese]