Tianjin Airlines (GS, Tianjin) has been given the go-ahead by the Civil Aviation Administration of China (CAAC) to establish a new domestic subsidiary - GX Airlines (GX, Nanning). A 70/30 joint-venture with the Guangxi Beibu Gulf Investment Group (China), the start-up is backed by USD487.3million in capital and plans operate out of Nanning using a fleet of E190s.
In terms of its network, the carrier has been given the go-ahead to operate scheduled domestic, as well as international, passenger and cargo flights.
On the back of a recent capital injection of CNY980million (USD159.1million) from parent, Hainan Airlines (HU, Haikou), Tianjin has been pushing for growth with it recently announcing the establishment of a hub in the north-eastern city of Dalian. Services include Qingdao Jiaodong and Lanzhou via Hohhot.
