Okay Airways suspends flights for One month

In an unusual move, private Chinese carrier Okay Airways says it will suspend flights for one month because of a dispute with shareholders. The carrier says the suspension of service will begin Dec. 15. "It's because our shareholders have conflicting opinions about the business," Okay Airways spokesman Li Wei tells The Associated Press.

Shanghai-based Junyao Group, Okay's controlling shareholder and partner airline, refused to comment on the situation. AP adds: "Loss-making Okay Airways, based in the northeastern city of Tianjin, and the Junyao Group agreed in March 2006 to share personnel, routes, marketing and managerial expertise as they struggled for a footing in China's intensively competitive air transport market. Relations between the carrier and Junyao have become increasingly rocky."

Okay, which in 2005 became China’s first private airline, flies more than 20 domestic routes with a fleet of 11 aircraft.

(USATODAY)

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