History
In November 2005 it was reported that Sichuan Airlines Group would invest US$4 million to acquire a 40% stake in Kunming Airlines, which would operate passenger and cargo services. Pilots would be provided by Sichuan Airlines and private investors Wang Qingmin and Wang Hui would invest in the remaining 40 and 20% shares respectively.
In December 2005 the Civil Aviation Administration of China (CAAC) said it would soon approve operation of the private airline Kunming Airlines, which has a registered capital of RMB80 million, and plans to be based at Kunming Wujiaba International Airport.
As of January 2009, Kunming Airlines is 80 percent owned by Shenzhen Airlines with the remaining 20% owned by a local businessman, with a total registered capital of RMB 80 million. The new airline will receive two B737-700 and one B737-800 aircraft as well as 30 pilots and 26 flight attendants from Shenzhen Airlines.
The airline commenced operations on 15 February 2009 from Kunming to Changsha and Harbin.
Read more about this topic: Kunming Airlines
Famous quotes containing the word history:
“When we of the so-called better classes are scared as men were never scared in history at material ugliness and hardship; when we put off marriage until our house can be artistic, and quake at the thought of having a child without a bank-account and doomed to manual labor, it is time for thinking men to protest against so unmanly and irreligious a state of opinion.”
—William James (1842–1910)
“The only history is a mere question of one’s struggle inside oneself. But that is the joy of it. One need neither discover Americas nor conquer nations, and yet one has as great a work as Columbus or Alexander, to do.”
—D.H. (David Herbert)
“The history of all Magazines shows plainly that those which have attained celebrity were indebted for it to articles similar in natureto Berenice—although, I grant you, far superior in style and execution. I say similar in nature. You ask me in what does this nature consist? In the ludicrous heightened into the grotesque: the fearful coloured into the horrible: the witty exaggerated into the burlesque: the singular wrought out into the strange and mystical.”
—Edgar Allan Poe (1809–1849)