Peach Aviation puts expansion to China on hold

Peach Aviation, a low-cost carrier based in Osaka, has suspended its expansion to the mainland as demand between Japan and China has yet to recover from a downturn stemming from a conflict between the two countries over disputed islands.

"We plan to fly to Shanghai and Beijing this year and landing slots are ready," said Victor Chu, chairman of First Eastern Investment, which owns a third of Peach.

Since demand has yet to return, Chu said he would postpone the plan until there was sign of reconciliation between the two nations.

via Business feed http://www.scmp.com/business/companies/article/1194113/peach-aviation-puts-expansion-china-hold