[photopress:E190_executive_hr.jpg,full,alignright]Dazhonghua, which could become the country’s biggest short-haul air carrier, will be based at Tianjin’s Binhai International Airport and expand to 50 to 100 aircraft in three to five years after its inauguration. That if, as reported, China’s aviation regulatory body, the General Administration of Civil Aviation of China (CAAC), approves.
Dazhonghua Air Express (to give it the full name) has been proposed by Hainan Airlines Group and its subsidiary Hainan Airlines Co. Ltd., a publicly listed company on the Shanghai Stock Exchange.
The CAAC announcement said approval would be granted unless it was informed of reasonable grounds to reconsider the plan by tomorrow. So take it as read.
The service will have a registered capital of RMB100 million ($12.5 million), of which 80 percent will be carried by the Hainan Airline Group, the parent company.
Early in April Hainan Airlines Group and the Tianjin Municipal Government signed a framework agreement on cooperation in building a regional air service headquarters in Tianjin. Under the agreement, Hainan Airlines Group pledged to invest RMB10 billion in Tianjin and to expand air transport and related industries there.
Fitting into this news is that Hainan Airlines Company, which is China’s fourth largest airline company, announced in August that it would spend $2.7 billion dollars on fifty 50-seat ERJ 145s and fifty 106-seat 190s (interior shot above) from Embraer, the Brazilian aircraft manufacturer, which builds aircraft in China.
Hainan Airlines Group already owns a fleet of 29 short-haul jets and operates 34 percent of the country’s regional air services.