Xiamen Airlines to launch Jiangxi Airlines in 2015

摘要

China's Xiamen Airlines plans to launch Jiangxi Airlines in conjunction with the Jiangxi provincial government in June 2015 as it accelerates its domestic expansion pace. In July, Xiamen took over Hebei Airlines with a 99.23% stake. The new venture has a registered capital of CNY2 billion ($325 million). Xiamen holds a 60% stake-including aircraft and the assets of Xiamen's Nanchang Branch Co.-and Jiangxi Aviation Investment Co., representing the Jiangxi provincial government-holds a 40% stake with a CNY800 million investment.