News Snapshot:
(CNN) — The global tourism industry might be struggling , but that's not stopping China 's second-biggest airline from launching a new carrier in Hainan, the country's most popular island holiday destination. The new carrier, Sanya International Airlines -- named after the main beach city of Hainan Province -- is a joint venture between China Eastern Airlines and several other companies including the state-owned Hainan Province Transport Investment Holding Company Limited and Trip.com, China's largest online travel platform . China Eastern Airlines will be the majority shareholder of the new airline. Sanya International Airlines was revealed during a signing ceremony...
