China Eastern Airlines has become the first of the country’s big three carriers to launch a budget airline, in a move that may accelerate the sector’s development in northeast Asia.
Shanghai-based China Eastern announced yesterday that it had decided to relaunch a subsidiary, China United Airlines, as a budget carrier.
Beijing-based China United, which plans to base itself in an airport under construction south of the capital, will more than triple its existing fleet to 80 aircraft by 2019.
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