Home>News Center>China
       
 

Private airlines ready to take off in China
By Cao Desheng (China Daily)
Updated: 2005-02-21 06:05

The nation's top civil aviation authority plans to allow a privately funded company to operate an air transportation business as it widens market access to the sector.

This marks an important step by China to allow private capital to enter the civil aviation market. Three others are waiting in the line.

According to a document provided by the General Administration of Civil Aviation of China (CAAC), the administration is considering giving an operating licence to Okay Airways Co Ltd.

Okay Airways is expected to become the first private carrier, thanks to the nation's policy support.

A regulation on the introduction of domestic private capital into civil aviation industry will be unveiled sometime this year, a CAAC official said.

"The draft version of the regulation has been completed," said Ma Zheng, deputy director of the CAAC Department of Policy and Regulations.

He said the regulation will provide legal support for the private capital into the sector.

Checking monopolies

"While helping to widen the investment channels, the regulation will also aim to limit monopolies over the civil aviation sector," Ma said.

China began to ease its control over private capital entering the industry early last year. It had suspended the approval of the air transport companies since 1994.

At a recent national working conference, CAAC Administrator Yang Yuanyuan said private investment is encouraged into the sector.

"While ensuring the State-owned capital dominate the sector, privately owned capital should be restricted to a certain extent," Ma said.

But he gave no details about the percentage of private capital the new regulation will allow into the sector.

Okay Airways, funded by three private companies and three people from Beijing and Shenzhen in South China's Guangdong Province, has registered capital of 300 million yuan (US$ 36.3 million).

It is expected to engage in air cargo and express services, passenger charter services and ground distribution services.

Sources close to the Okay Airways said the company will start passenger flights before entering air cargo services, its planned core business.

The administration is seeking proposals from related regional administrations and airports on the issue, as a necessary procedure before issuing a licence in accordance with the existing regulation on licensing a public air transport enterprise.

Headquartered in Beijing, the airline's home base is installed in Binhai International Airport in neighbouring Tianjin Municipality. It has three Boeing 737 aircraft and a 76-member staff.

An official surnamed Li from the company said preparatory work is in full swing but he refused to give an expected date for take-off.

However, the Beijing-based newspaper Economic Observer quoted an anonymous source from the Binhai International Airport as saying the company plans to kick off its virgin flight on March 5.

Besides Okay Airways, CAAC has given a nod to three other private operators to start airlines.

They are Shanghai-based Spring International Airlines, Chengdu-based Eagle Airlines and Huaxia Airlines in Gansu Province.

Low-cost modes

All of them were reported to have vowed to adopt low-cost modes to airline operations.

Liu Jieyin, president of Okay Airways, told the Economic Observer that his company has seen it as a major task to pave the way for the low-cost aviation market in China.

"The fledgling low-cost airlines in Southeast Asian countries will pose great challenges to us since they are trying to enter the nation's vast market," Liu said.

Liu's company plans to reduce costs by managing aviation oil futures, adopting a flexible way to deploy its fleets, air routes and flights.



 
  Today's Top News     Top China News
 

Non-government group plans to lease, develop Diaoyudao

 

   
 

Private airlines ready to take off in China

 

   
 

FM: US-Japan statement on Taiwan wrong

 

   
 

Senior Chinese official consults DPRK

 

   
 

Medical research on stem cells to continue

 

   
 

Wet nurse plan dumped in its infancy

 

   
  Medical research on stem cells to continue
   
  Private airlines ready to take off in China
   
  Banks to launch fund companies
   
  Hunt on for 19 sailors in two boat accidents
   
  Taining included in UNESCO's geopark list
   
  Donated relics to help revive image of old Beijing
   
 
  Go to Another Section  
 
 
  Story Tools  
   
  News Talk  
  It is time to prepare for Beijing - 2008  
Advertisement
         
主站蜘蛛池模板: 国内精品久久久久久影院| 欧美亚洲国产一区二区三区| 国产午夜福利精品一区二区三区| 99精品偷自拍| 无码精品一区二区三区在线 | а√天堂中文在线资源bt在线| 欧美一级专区免费大片俄罗斯| 人人超人人97超人人女| 综合欧美一区二区三区| 国产亚洲美女精品久久久久| 亚洲国产老鸭窝一区二区三区| 国产裸体美女永久免费无遮挡| a级毛片无码免费真人| 宅男66lu国产在线观看| 中文在线第一页| 日本aⅴ日本高清视频影片www| 久久高清一区二区三区| 欧美ol丝袜高跟秘书在线播放| 亚洲成人福利在线观看| 每日更新在线观看av| 人人添人人澡人人澡人人人爽| 精品剧情v国产在线麻豆| 四虎8848精品永久在线观看| 色综合视频一区二区三区| 国产又黄又爽胸又大免费视频 | 国内外成人免费视频| 9丨精品国产高清自在线看| 妞干网2018| 中国china体内裑精亚洲日本| 无码一区二区三区| 久久久久国产视频| 日本熟妇色熟妇在线视频播放 | 久久久久人妻精品一区蜜桃| 日韩三级一区二区| 久久精品国产一区| 日韩电影免费在线观看网| 亚洲av中文无码乱人伦在线观看 | 欧美一级免费在线观看| 亚洲国产精品欧美日韩一区二区| 欧美黑人疯狂性受xxxxx喷水| 亚洲精品欧美日韩|