Hainan Airlines gets OK for new Fuzhou carrier

Hainan Airlines – China’s fourth largest carrier – has received permission to create Fuzhou Airlines, in a joint venture with three other companies including a state-run investment firm, according to a statement on the Civil Aviation Administration of China’s (CAAC) website.


Hainan Airlines gets OK for new Fuzhou carrier


Hainan Airlines – China’s fourth largest carrier – has received permission to create Fuzhou Airlines, in a joint venture with three other companies including a state-run investment firm, according to a statement on the Civil Aviation Administration of China’s (CAAC) website. Hainan Airlines will hold a 60 per cent stake in the venture, providing initial capital of CNY1.2 billion (US$197 million) to launch the carrier, out of a total investment of CNY2 billion. According to CAAC, Fuzhou Airlines will be based at Fuzhou’s Changle International Airport, Fujian province – where China Southern Airlines’ subsidiary, Xiamen Airlines also operates from – and will operate under the full-service model with an initial fleet B737-series aircraft on domestic routes.

The launch of Fuzhou Airlines marks the latest stage in Hainan Airlines’ expansion, part of the HNA Group, which operates a range of domestic subsidiaries in China, including Chongqing-based West Air, Kunming-based Lucky Air, Tianjin Airlines and Hong Kong Airlines. It also recently announced plans to create Urumqi Airlines, based in the northwest region of Xinjiang.