Tuesday, 14 January 2020

Loongair sets up Chengdu joint-venture, Sichuan Shuanglong Airlines, on 8 January 2020

Report by : Gan Yung Chyan
                  / KUCINTA SETIA


According to the information of the National Enterprise Credit Information Disclosure System of China, Sichuan Shuanglong Airlines was established on 8 January 2020. Its legal representative is Li Lingxiang.

Sichuan Shuanglong Airlines is a joint venture of Loongair and Chengdu-based Chengdu Airport Industry and Finance Co., Ltd.

Loongair holds 90 per cent of the shares in the joint-venture and the registered capital is 500 CNY million.

The scope of Sichuan Shuanglong Airlines'  business covers public air transportation, civil aircraft maintenance, transportation equipment leasing services, machinery and equipment leasing, air transportation cargo packaging services, domestic cargo transportation agents, international cargo transportation agents, export, advertising design, production and agency.

Sichuan Shuanglong Airlines will utilize aircraft transferred from Loongair in its initial phase of operations. Further details to its operation plans are not available at press time.

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