Loading
19-Jan-2010 11:02 AM

Chengdu Airlines to be established on 22-Jan-2010

Chengdu Airlines, the airline arising from the restructuring of United Eagle Airlines, will be formally established on 22-Jan-2010, by which time United Eagle will cease trading (Sichuan Daily News, 18-Jan-2010). Commercial Aircraft Corporation of China (COMAC), Sichuan Airlines and Chengdu Communications Investment Group signed a cooperative agreement on 15-Oct-2009 on the equity restructuring of United Eagle, under which COMAC will hold a 47.96% stake, while Sichuan Airlines and Chengdu Communications Investment Group will hold 40.97% and 11.07% shares, respectively. Chengdu Airlines will focus on holiday destinations and feeder routes.

Want More News 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