GX Airlines (GX, Nanning) has embarked on its AOC certification process with the Central and South regional administration of the Civil Aviation Administration of China (CAAC).
A joint venture between Tianjin Airlines (GS, Tianjin) (70%) and the Beibu Gulf Investment Group (30%), the start-up plans to operate domestic passenger and cargo flights from its Nanning hub using a fleet of five E190s of which two will be leased with the other three sourced from Tianjin Airlines directly.
The start-up will have registered capital of CNY3billion (USD468million), of which CNY2.1billion (USD328.1million) will come from Tianjin Airlines with the rest to be contributed by Beibu Gulf Investment Group in the form of cash and assets.
