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Updated: 2013-01-04 07:57
( China Daily)

China Southern Airlines forms regional alliance

China Southern Airlines Co is among four carriers from the mainland and Taiwan to form a regional alliance to challenge Cathay Pacific Airways Ltd as warmer cross-Straits ties spur demand for direct flights. Frequent travelers of any alliance member can redeem miles for tickets and enjoy rewards such as free use of business lounges from any of the four carriers, according to a joint statement by the airlines. The grouping also includes China Eastern Airlines Corp, Taiwan-based China Airlines Ltd and Xiamen Airlines Co.

Loans from HK to Qianhai could hit 50 billion yuan

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