dalian airlines co ltd is an airline based at dalian zhoushuizi international airport in dalian, liaoning, china. it is jointly owned by air china, investing rmb 800 million in cash to hold an 80% stake in the new company, and dalian baoshui zhengtong co, investing rmb 200 million for the remaining 20%. dalian airlines provides both passenger and cargo services. the airline launched operations on 31 december 2011.