Guizhou Airlines, the first local airline in southwestern China’s Guizhou province, will take to the skies by end of this year.
The start-up carrier is a joint venture by two state-owned companies in the region, which will initially invest CNY1 billion (or USD161 million) in the airline.
In a press conference in Guiyang, the capital of Guizhou province on 19 June, the airline said it would operate a fleet of Embraer’s E190 jets and provide domestic passenger and cargo service out of Guiyang Longdongbao International Airport, with a focus on regional routes within Guizhou province and to nearby provinces.
The carrier has signed an agreement with Brazilian plane maker Embraer S.A. for the purchase of seven E190 aircraft and an option for an additional 10.
The order is valued at approximately CNY5.17 billion (or USD834 million) based on the current list price of the E190 aircraft. The first two aircraft will be delivered by end of 2015.