[photopress:airbus_A320_1.jpg,full,alignright]Chongqing Airlines, a new airline 60% owned by China Southern Airlines, may start flying in July. Note the ‘may’. The slight hesitation is because the South China Morning Post said ‘may’ while citing ‘unidentified sources’. Which means it is probably true but it has not yet been officially announced.
China Southern will supply aircraft and technical support to the new airline which will be established on June 18.
The airline will start with three Airbus A320 aircraft. State-owned Chongqing Development & Investment will invest cash for a 40% stake in Chongqing Airlines.
Total investment will be RMB1.2 billion ($157 million) in cash and equipment, with half provided at the beginning and half after two years of operation.
Source: Shanghai Daily
