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China to launch new airline despite Covid-19 impact

China to Launch New Airline Despite COVID-19 Impact

BEIJING – China Eastern Airlines has announced plans to launch a new airline despite a severe global passenger recession caused by the COVID-19 pandemic, a report said Tuesday.
Joining several partners, including China’s largest online travel agency Trip.com, the new airline will focus on the destination of Hainan Island, home to eight million and a free trade center, BBC reported.
China Eastern will have a 51 percent majority stake in the new airline, to be called Sanya International Airlines. Other sponsors include Juneyao Airlines, based in Shanghai, and a Trip.com unit.
The partners hope to capitalize on Hainan’s growing importance in China. The island is about 30 times the size of Hong Kong and is a popular vacation destination for Chinese tourists.
There was no deadline for the launch of the new airline, which will need regulatory approval, according to the report.
(Sahar News Monitoring Desk)

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