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China's General Administration of Civil Aviation has recently given the go-ahead to the establishment of another two private airline companies, to be based in Shanghai and Tianjin.
Investors of the two companies are asked to complete 14 items of preparatory work in two years, including passing through required aircraft flight and maintenance certification.
The planned airline company in Shanghai, a joint venture of the Shanghai Spring International Travel Service Ltd. and Shanghai Spring Charter Flight Travel Service Co., is to conduct passenger and freight flights with Shanghai Hongqiao International Airport as its base.
The planned airline company in Tianjin, a joint venture of Beijing Qili Logistics Co. and two other companies, is to conduct passenger and freight flights with Tianjin Binhai International Airport as its base. It also plans to carry out goods distribution and storage on the ground.
The administration has so far given the go-ahead to the establishment of three private airline companies. Preparations for establishing a private airline company in Chengdu, southwest China's Sichuan Province, received approval from the administration in February.
(Xinhua News Agency June 9, 2004)
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