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As a result of mergers, Air China, China Eastern Airlines and China Southern Airlines were established in Beijing Friday.
These corporations were founded on the basis of nine airline companies.
Air China now has total assets worth 57.3 billion yuan (6.9 billion US dollars) and operates 307 air routes with 118 planes.
China Eastern Airlines has total assets of 47.3 billion yuan (5.7 billion dollars) and 386 air routes with 142 planes.
China Southern Airlines has total assets of 50.1 billion yuan (6 billion dollars) and 666 air routes with 180 planes.
The three airline groups also hold the shares of 14 air transport companies.
In the meantime, China Aviation Fuel Corporation, China Travel Sky Holding Company and China Aviation Supplies Import and Export Group Corporation were set up Friday.
(Xinhua News Agency October 12, 2002)
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