Companies
China's Deer Air renamed Capital Airlines
(Xinhua)
Updated: 2010-05-04 09:01
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BEIJING - China's Deer Air Co Ltd, a subsidiary of Hainan Airlines, has changed its name to Capital Airlines.
The airline completed its first flight under its new name Monday, taking a special delegation to Shanghai from Beijing Capital International Airport.
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Its registered capital totals 1.5 billion yuan ($220 million), with Hainan Airlines Group holding a 70 percent stake and the Beijing Tourism Group holding the remaining 30 percent.
The company aims to increase its number of jets to 200 over the next five years.
Deer Air Co Ltd was founded in 2006 by Hainan Airlines, one of China's major airlines.
