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Article: Merging China's major airlines would be premature: CAAC
- Article from:
- Xinhua News Agency
- Article date:
- October 30, 2007
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Copyright informationCopyright 2007 Xinhua News Agency. Provided by ProQuest LLC. (Hide copyright information)
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Merging China's major airlines would be premature: CAAC
BEIJING, Oct. 30 (Xinhua) -- China's General Administration of
Civil Aviation (CAAC) said consolidation of the three major airlines -
Air China, China Eastern and China Southern - would be a premature
move.
Yang Yuanyuan, head of the CAAC, said China's aviation
industryneeded competition.
He said: "If China were to have only one airline, with one fixed
ticket price, it won't be good news for Chinese consumers."
He said the CAAC wouldn't interfere if the three airlines were to
merge, but he "personally wouldn't agree with it".
China's State-owned Assets Supervision and Administration
Commission (SASAC) said it would streamline ...
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