(MENAFN- Bangladesh Monitor) Guangzhou : China Southern Airlines is exploring low-cost aviation development with LCC Spring Airlines, to decide which company is suitable for developing a new LCC model in China.
According to Civil Aviation Resource Net of China (CARNOC), Ma Xulun, Vice Chairman, China Southern said the airline is now in consultation with local provincial governments, especially in areas with a large population base and little access to the high-speed rail network. LCCs represent only around 9.7 per cent of domestic capacity in China.
Spring Airlines is willing to explore the cooperation with China Southern on the development of LCC model.
The privately owned LCC was China's most profitable airline in the last fiscal year, and in September 2018 announced it will invest CNY846 million (USD123 million) to acquire 1.63 per cent of the state-owned China Southern A-shares.
MENAFN1808201901630000ID1098896314
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.