New domestic airlines fly high after takeoff

China is seeing some heartening growth stories in civil aviation, as new airlines launched last year aim to fly high despite the overall economic slowdown.

In 2013, the Civil Aviation Administration of China lifted its 2007 suspension of new airline licenses. Since then, four new players have entered the industry, in addition to five new transport airlines.

But Guangxi Beibu Gulf Airlines Co may be the most remarkable. Launched in 2015, it has achieved a rare feat: immediate profit.