Huatian pours USD 310 million into China’s Okay Airways

Chinese low-cost airline Okay Airways, has secured CNY 2.1 billion (USD 310 million) from its parent company Huatian Investment, after the latter changed its majority shareholder.

Okay Airways was China’s first privately owned carrier when it began operations. Founded in 2005, the airline operates more than 100 domestic and international routes with 30 aircraft. The airline transports more than six million passengers annually.

The carrier has plans to launch new routes to Europe and the US.

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