Hainan Airlines on Tuesday relaunched Chongqing-based China West Air in conjunction with Chongqing Yufu Capital Management Co., which is controlled by the Chongqing municipal government.
HNA didn’t reveal the exact figure but noted the combined investment was CNY3 billion ($460.8 million).
China West Air was initially launched in 2006 with a registered capital of CNY80 million. HNA subsidiary Lucky Air and Jianying Investment Co. both hold a 35% stake and Shenzhen Guorui Investment Co., Sichuan Sanxing General Aviation Co. and Xinjiang Siweida Technology Co. all have a 10% stake in the carrier (ATW Daily News, June 1, 2007).
China West Air operates a total fleet of nine aircraft, comprising four Airbus A319s, two Boeing 737-30s and three A320s on more than 20 domestic routes. The carrier is expected to open international routes to Southeast Asia, Japan and South Korea by the end of 2012 and expand its fleet to 40 by 2015.
It is noteworthy that China Southern Airlines, which launched subsidiary Chongqing Airlines in 2006, signed a cooperation agreement this month with the Chongqing municipal government to enhance its position in Chongqing.



SOURCE: atwonline.com
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