Xingfu Airline Co. Ltd (Xingfu means happiness in Chinese) was founded in Beijing recently. It is China's first airline company to mainly use domestic planes to operate China's regional aviation.
The company, co-funded by China Aviation Industry Corporation I (AVIC-1) and China Eastern Airlines Corp. Ltd, with a registered capital of one billion yuan, is estimated to accumulate 100 aircrafts within 8 years.
In the beginning, the company will adopt MA 60 turboprop aircraft - independently researched and developed by AVIC-1 - as its major vehicles. Gradually another type of home-made ARJ21 aircraft will be added and used.
The company will use Xianyang International Airport in Xi'an, Shanxi province, as its primary base; and will focus flight operations over the large, less-developed central and western regions.
By People's Daily Online
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