Monday, January 5, 2009

China's First Private airlines Flying Soon

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In the near future, Okey Airways (Okair), will become the first private airline in China, be able to operate.
"The shareholders and employees have completed all the problems seriously and look forward to starting," said the head of the company as quoted Liu Weining Xinhua, in Beijing.

As reported on the previous news on the local newspaper that the company can start operations on 15 January 2009, after stopping the service on December 6 because of disputes among the shareholders. Due to the delay of the operational the airline is estimated to lose around 100 million yuan from 6 December 2008 - 15 January 2009.
As inform by Civil Aviation Administration of China (CAAC), Okair has not apply to the operational to CAAC.

Wan Junjin, Okair legal representative and chairman of Juneyao Group, the largest shareholder, said the had delay to submit the application to the CAAC North China Regional. The CAAC office has approved the application and ordered the company to delay the service from 15 December 2008 to 15 January 2009. But the company has delayed passenger transportation service on December 6, or 10 days before the schedule as a result of financial and management problems, said the spokeman groups of Juneyao.

Business partners, including airports, fuel suppliers and Fedex Express, have end the contracts with Okair. Okair start cooperation with Fedex services as transportation of goods in 2006 and signed a contract for five years. However, cooperation is only held for one year and nine months.

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