News > China to launch new airline despite travel downturn
China to launch new airline despite travel downturn
International Business Times | 16/06/2020 08:28 AM | Click to read full article
China's second-biggest airline is set to launch a new carrier despite a severe global downturn in passengers caused by the coronavirus pandemic, a media report said on Monday. The government-backed China Eastern will own a majority 51 per cent share in the new carrier.
The new Sanya International Airlines will be focused on the island destination of Hainan, home to eight million and a free-trade hub. No timeframe was given for the launch of the new airline, which will need regulatory approvals.