China's first private airline to take off by year-end

China's first private airline is expected to launch its service by the end of this year, state media reported Sunday.
Okay Airways is currently undergoing the final stage of official review, which is expected to finish on November 20, Xinhua news agency quoted the government aviation regulator as saying.
Tianjian-based Okay, also known as Aokai Airlines in China, plans to fly a fleet of six Boeing 747 aircraft and will focus on domestic air cargo and passenger charter, the report said.
Two other Chinese private airlines, United Eagle Airlines and Air Spring, are also applying for permission to fly.
Xinhua said Sichuan-based United Eagle is expected to fly early next year.
It said Shanghai-based Air Spring plans to fly to the United States and Europe.
The Civil Aviation Administration of China gave the green light for the establishment of private airlines in May, ending the government's monopoly on passenger carriers.