The Civil Aviation Administration of China (CAAC) announced that it will issue an operation license to China Express Airlines (known as 'Huaxia Airlines' in Chinese), a new carrier that has been preparing for two years to fly domestic routes in China.

Invested by four companies, China Express Airlines has a registered capital of RMB80 million. Of that sum, RMB32 million is invested by Hongshang Industry Holding Company (40%), RMB8.8 million from Beijing Longkai Chuangxing Technology Development Company (11%) and the rest is from two foreign companies, namely High Hero Internationl Limited & Tampines International Limited.

China Express Airlines, along with Spring Airlines, UE Air and OK Air, is part of the first batch of privately-owned Chinese airlines that have recently received flying licenses from CAAC.