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Kunming Airlines is a start-up airline based in Kunming, Yunnan, People's Republic of China. It was established in 2005 and is still in the formation stage. It is privately owned and will be majority owned by Yunnan Zhongheng Chuangxin Investment.[1]
[edit] History
In November 2005 it was reported that Sichuan Airlines Group would invest US$4 million to acquire a 40% stake in Kunming Airlines, which would operate passenger and cargo services. Pilots would be provided by Sichuan Airlines and private investors Wang Qingmin and Wang Hui would invest in the remaining 40 and 20% shares respectively.[2]
In December 2005 the Civil Aviation Administration of China (CAAC) said it would soon approve operation of the private airline Kunming Airlines, which has a registered capital of RMB80 million, and plans to be based at Kunming Wujiaba International Airport.[3]
[edit] References
- ^ "Directory: World Airlines", Flight International, 2007-04-03, p. 103.
- ^ Kunming to get new airline. Go Kunming/Kunming Business (2006-12-14). Retrieved on 2007-06-05.
- ^ CAAC To Approve Operation Of Two More Private Airlines. China Hospitality News (2005-12-09). Retrieved on 2007-06-05.
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