On May 2, the founding ceremony of Beijing Capital Airlines Co. (Capital Airlines) was held in the Imperial Ancestral Temple in Beijing. Liu Jiaxu, Board member of HNA Group and Yang Hua, Vice President of BTG signed a joint contract on increasing investment to set up Capital Airlines. Liu Xuesong, Director of CAAC North China Regional Administration, granted an operating certificate to Hu Mingbo, Vice President of HNA Tourism Group and head of the preparation panel of Capital Airlines.
HNA Group and BTG increased their investment into Deer Air Co., a subsidiary of HNA Group, and changed the company’s name to Beijing Capital Airlines Co. Of the new company’s registered capital of RMB1.5 billion, HNA Group accounts for 70% while BTG accounts for 30%. As of now, Capital Airlines has 25 Airbus planes and uses several cities as operation bases, including Beijing, Guangzhou, Xi’an and Sanya.
