Chinese start-up carrier Qingdao Airlines has applied to the Civil Aviation Administration of China (CAAC) for an air operator’s certificate.
The CAAC says the carrier has completed much of the preparation work for the launch of the carrier since receiving first approval last June.
Qingdao Airlines will be based at Liuting International airport and is applying to operate domestic passenger and cargo services.
The airline is a 55:25:20 joint venture between Nanshan Group, Qingdao Transportation Development Group and Shandong Airlines. The airline will have a registered capital of CNY 1 billion ($164.2 million).
The regulator adds that the airline has been given approval to lease three Airbus A320s in 2014, and will also take two Bombardier CRJ700s from Shandong Airlines.
Liu Jianping has been appointed as the carrier's chief executive. Liu was Dalian Airlines’ general manager. Flag carrier Air China has stakes in both Dalian and Shandong Airlines.
The CAAC is calling for any parties with objections to Qingdao's formation to submit comments by 6 March.
Qingdao also placed an order for 23 A320 family aircraft last September, deliveries of which will begin in 2016. The order comprises of five baseline A320s, and 18 A320neos.