fourplay
2nd Nov 2004, 01:55
(Story lifted)
Air Macau and Virgin Blue will start operating a low-cost airline serving China by the middle of next year. Air Macau, controlled by China National Aviation Company (CNAC), will directly detain 51% of the new airline with the rest of the company in the hands of Virgin Blue. The agreement to set up the budget airline, which will focus on destinations in China not already served by Air Macau, will be formally signed next week.
Air Macau and Virgin Blue will start operating a low-cost airline serving China by the middle of next year. Air Macau, controlled by China National Aviation Company (CNAC), will directly detain 51% of the new airline with the rest of the company in the hands of Virgin Blue. The agreement to set up the budget airline, which will focus on destinations in China not already served by Air Macau, will be formally signed next week.