China Eastern Airlines has unveiled a new subsidiary airline. One Two Three Airlines (OTT Airlines) will serve domestic destinations using China-built aircraft.
The Chinese aviation market is expanding rapidly. According to experts, Chinese aviation industry might become the strongest worldwide within the next 20 years. No wonder Liebherr-Aerospace, globally leading system supplier to the aviation industry, is counting on the strong development in China.
The Chinese conglomerate HNA Group and Chinese aircraft manufacturer COMAC have signed a strategic cooperation, which includes the acquisition of 300 aircraft by the group.
China Daily reports the state-owned aerospace manufacturer Commercial Aircraft Corporation of China (Comac) has signed 130 new orders for its C919 passenger jet.