在线国产一区二区_成人黄色片在线观看_国产成人免费_日韩精品免费在线视频_亚洲精品美女久久_欧美一级免费在线观看

Sino-Singapore firms to launch joint budget airline
(Xinhua)
Updated: 2004-09-14 21:49

A-Sonic Aerospace, a Singapore-based aircraft and avionics retro-fitting company, has agreed to join hands with two Chinese companies to launch a budget airline in China.

The Singapore company will invest about 5.4 million Singapore dollars (about US$3.19 million) in cash for a 25-percent stake in the joint venture, which will be based in Guangzhou, capital of the southern Chinese province of Guangdong, according to local press reports on Tuesday.

The new venture, which is expected to start operation in the second half of next year, will enable A-Sonic to have exclusive rights to the repair and overhaul, management services and fleet maintenance of the carrier's fleet.

The Singapore company, Guangdong China Travel Service and China Xpress are now applying for an air operator's license from Chinese aviation regulators.

A-Sonic said it will focus on China's domestic market before going regional.

Close