Okay Airways has applied to the Civil Aviation Authority of China (CAAC) for permission to resume operations after suspending operations in December. Okay Chairman Liu Jieyin told Chinese press that “fund shortages” – estimated to be nearly US$14 million – remain the key obstacle to the Tianjin-based airline’s relaunch. Okay operated cargo flights in conjunction with FedEx and hopes to resume its cargo operations once CAAC approval is granted. The carrier suspended operations following a dispute between management and controlling shareholder Juneyao Group over Okay’s operations. Liu was fired by Juneyao last month but continues to act as chairman with the support of other Okay stakeholders and both sides have agreed to cooperate to get the carrier back in the air.