(From Asia Pulse)
BEIJING, Feb 21 Asia Pulse - The nation's top civil aviation authority plans to allow a privately funded company to operate an air transportation business as it widens market access to the sector.
This marks an important step by China to allow private capital to enter the civil aviation market. Three others are waiting in the line.
According to a document provided by the General Administration of Civil Aviation of China (CAAC), the administration is considering giving an operating licence to Okay Airways Co Ltd.
Okay Airways is expected to become the first private carrier, thanks to the nation's policy support.