Shanghai Securities News yesterday quoted Okay President Liu Jieyin as saying his airline will buy a stake in Auspicious Airlines, while Zhejiang Junyao Group, which owns Shanghai Auspicious, will purchase a 30 per cent share in Okay.
If the cross-shareholding proceeds, the two private airliners will be able to improve their competitiveness and be in a better position to deal with high oil prices.
Okay and Shanghai Auspicious will engage in strategic co-operation in areas including capital supply, the renting and purchasing of planes, human resources, flight routes, marketing and sales, said Liu.
What are the Chinese names of these airlines? Well, Okay’s is 奥凯, which doesn’t have a meaning but is pronounced ao kai. Auspicious goes by 吉祥 (jixiang), which means, yep, “auspicious”. No word on whether any official merger is imminent, but we are squatting on yourplaneprobablywontcrashairlines.com just in case.
Also on Shanghaiist:
Spring is in the air (well, almost)
Headline from SNL.