New Chinese airline enters the market

DALIAN Airlines, a joint venture between Air China and Dalian Baoshui Zhengtong (DBZ), commenced operations on 31 December.

Dalian will send passengers and cargo to Shenzhen (China) and later to routes including Japan and South Korea.

Dalian Airlines is jointly owned by Air China, investing RMB 800 million (US$126.9 million) in cash to hold an 80 per cent stake in the new company, with DBZ investing RMB 200 million ($31.7 million) for the remaining 20 per cent.

The airline almost became a subsidiary of Hainan Airlines but a disagreement with the government scuppered plans, opening the door for Air China.

On 5 July 2011 CAAC, China’s civil aviation regulator, granted Air China and DBZ permission to establish the airline. This follows an agreement reached between Air China and the Dalian government in 2010.

Share this story

Related Topics

Latest news

BIFA urges new government to deliver on election promises

By Rachelle Harry

British International Freight Association (BIFA) has responded to the restults of the UK’s general election yesterday (December 12). Robery Keen,…

Read More

European Green Deal sets out ambitious targets

Aviation is one of the many areas facing changes under the European Green Deal launched by new European Commission President…

Read More

JFK’s animal facility appoints new compliance officer

The Ark at JFK, a private animal health, reception and quarantine facility located in Cargo Area D at JFK International…

Read More