Xiamen Airlines to launch new Jiangxi carrier

TD Guest Writer

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Jiangxi Airlines will initially operate a fleet of five Boeing 737s, potentially sourced from Xiamen Airlines 100-strong fleet
Jiangxi Airlines will initially operate a fleet of five Boeing 737s, potentially sourced from Xiamen Airlines’ 100-strong fleet

Xiamen Airlines has signed an agreement to create a new airline based in eastern China’s Jiangxi province.

The fast-expanding Chinese carrier, which recently welcomed its first ever Boeing 787 Dreamliner aircraft, has penned a deal with the provincial government of Jiangxi to jointly establish Jiangxi Airlines, which will be based at Nanchang’s Changbei International Airport.

Expected to launch in June 2015, the new Jiangxi Airlines will commence operations with five Boeing 737 aircraft, before expanding its fleet to 30 jets by 2020.

Initially the new carrier will connect Jiangxi’s capital Nanchang with major Chinese cities including Beijing, Shanghai, Guangzhou, Shenzhen and Chengdu. It will then aim to expand internationally, to such destinations as Singapore, Thailand, Malaysia, Japan and South Korea.

According to the bilateral agreement, Xiamen Airlines will invest approximately CNY1.2 billion (US$195 million) in Jiangxi Airlines, for a 60% stake in the carrier.

The move marks the latest stage of expansion for Xiamen Airlines, which is planning to expand its fleet to 150 aircraft (up from 106 at present) and launch long-haul flights to Europe, Australia and the US in the coming years.

Klook.com
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