economy - Cheap flights between Shanghai and Venice

The Italian airline company Blue Panorama will start this week cheap flights between Shanghai and Venice. Their website does not mention it, but the Italian community confirms the news. First return flights will cost 350 euro, but that is a promotional price. Prices will be 500 euro for economy seats and 800 euro for business class.
The number of charter flights might go up - and will go up - as demand increases. Hopefully the arrival of this cheap-flight airline company has also a beneficial effect on flight prices to Europe, that are compared with the US still very much overprices.

Update: Xinhua gives some additional details on the schedule (but fails to mention the sensational price). Beijing is also added to the schedule before the Boeing 767 leaves Shanghai on Wednesday.