they remained optimistic about their prospects in China. The country's 13th five-year plan for included 500 new airports. "The situation under Rule 96 continues to evolve Bombardier Commercial Aircraft's President Fred Cromer said in an interview with Reuters at the company's Montreal-area factory in the Canadian province of Quebec last week. But he said the airline hopes to fly next year, after four years of preparations and at least one change to its proposal to adjust to caac policies. Aug 6 Aug 6 Aug 6 Aug 6 Aug 6 0:53 Fabrice Coffrini/AFP/Getty Images Play m 1:48 May 10 Suggested Interests. "The truth is that almost two years has passed and I have not succeeded in one single deal said one executive from a Chinese aircraft lessor speaking on condition of anonymity, who added that he had met with numerous start-ups to promote regional aircraft. "The fact that we have a plane that's well known by the authorities there and an operator that operates quite a few works in our favour he said in reference to Bombardier CRJ 900 operator China Express.
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But only Tianjiao Airlines in Inner Mongolia and Air China 601111.SS subsidiary Beijing Airlines, which converted from a private charter operator to a passenger airline, were approved last year. The British pound has dropped 12 per cent intraday and closed 8 per cent lower in a single day after the Brexit vote. "The intention is that (the regulators) want to push, but they have enhanced the entry barriers so they have very high standards for the investors said Wang Qi, chief China representative for French turboprop manufacturer ATR, which is renewing its Chinese certification. But theres one extraordinary difference that will set the Chinese currency apart: The yuan is the only member of the elite currency group that isnt freely convertible, with official trade limited to within China and the offshore trading hub of Hong Kong. An executive at Tianju Airlines, which is waiting for the green light to start carrier operations from central China's Shaanxi province, said regulators grew more cautious. Analysts believe that China will likely retain its firm hold on the currency for years to come. Gordon Tsui Luen-on, managing director of Hantec Group International Finance, believes it will take 10 years for Beijing to let the yuan to become fully convertible.