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China freezes new airlines' applications until 2010
SHANGHAI, Aug 16 (WorldACD) - China suspended applications for new airlines until 2010 to prevent the world's second-biggest aviation industry from 'growing too fast', the Shipping Times reported, citing a Bloomberg report.
However, the General Administration of Civil Aviation (CAAC) said on its website that it will still support plans to set up air-cargo ventures that mainly use foreign pilots and promise to fly at night, as well as the formation of airlines registered in western and north-eastern China using locally made planes will also be encouraged.
China's passenger and cargo traffic grew 19.5 percent in H1, faster than the government's target, fuelled by the country's economic growth.
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