IN BRIEF (Page 14)

JuneYao listing plan

JuneYao Airlines, a private carrier based in Zhejiang province, is planning to list on the domestic stock market next year, Wang Junjin, company chairman said yesterday. The public listing is to raise capital for fleet expansion, Wang said. The airline, operating a fleet of 10 aircraft, plans to add eight to 10 airplanes in 2009 and 2010, Wang said. JuneYao Airlines made a profit of about 10 million yuan in 2008 despite the deepening economic downturn, Wang said.

CIC hiking investment