Not possible. Considering all the airlines in China are government owned or majority owned.
The 3 big ones 100% and the smaller airlines owned often by one of the big 3.
Then during COVID, they made sure HK suffered on purpose to reduce their relevance and get more control, then took a share in CX too. Not majority owned yet, but they likely will eventually find a way to achieve this.
So as competition goes. I don't think China would allow a 3rd party non state owned entity to set up shop there.
