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Shanghai, China - China Eastern Airlines has signed an agreement with some partners, including Juneyao Airlines, to establish a joint-venture airline based in Hainan.

Hainan is an island province in the southern part of the country and a free-trade zone and tourism hub.

The state-owned airline will set up Sanya International Airlines with partners, including Juneyao Airlines, Group, and two state-controlled firms based in Hainan, China Eastern said Sunday.

China Eastern will hold a 51% stake in the joint venture, while Juneyao and will own 15% and 14%, respectively.

Sanya International, named after the beach city of Sanya in Hainan, will help the company improve its strategic layout in southern China and competitiveness, China Eastern said.
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