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News

Okay returns to the skies

28 January 2009
After a seven-week suspension, Okay Airways resumed operations on 23 January, two days before the Chinese New Year holiday.
The suspension came after some airports, worried about the airline's financial troubles, would only refuel its planes for cash. Management problems and a lack of capital support from Junyao, the airline’s main shareholder, were cited as additional factors in the suspension.
Wang Junjin, board chairman of Junyao Group, pledged to return Okay Airways to profit and to build it into a sound and sustainable company. He added that new strategic partners would be introduced this year.
Okay Airways became China's first private carrier in 2005 and it has 11 aircraft and runs about 20 domestic passenger routes. Its cargo service has been operating as scheduled.
     
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