China's Deer Air has been renamed Capital Airlines, and has received its air operator's certificate.
The airline has a registered capital of 1.5 billion yuan ($219.7 million), and is majority owned by Hainan Airlines' parent HNA Group, which holds a 70% stake.
State-owned Beijing Tourism Group owns the remaining 30% of Capital, says HNA Group.
The renamed carrier received its air operator's certificate in a ceremony on 2 May from the Civil Aviation Administration of China, says the airline.
Capital will retain Deer Air's code, JD, and will operate international and domestic business and tourism charter flights, says HNA Group.
It will also offer business jet rental and medical rescue flights, it adds.
Capital operates 25 Airbus A319 aircraft and has bases in Beijing, Guangzhou, Xian and Sanya, says HNA Group. It also owns and manages 24 business jets.
"In the next five years, the fleet of Capital Airlines is expected to grow to more than 200 aircraft," says HNA Group.