Report by : Gan Yung Chyan
/ KUCINTA SETIA
Distributed to All Press & Travel Professionals
According to the website of China Securities Regulatory Commission (CSRC), China Express Airlines has successfully passed the audit on the 17th working meeting of the 17th Commission of the Securities and Futures Commission on 17 January 2018. This will be the first China's regional airline and the seventh Chinese airline that holds A-shares.
Headquartered in Chongqing, China Express Airlines focuses on regional air passenger and freight services with air hubs in Guiyang, Chongqing, Dalian, Hohhot and Xi'an Xianyang. As of the end of June 2017, the airline flies to more than 80 destinations, of which 96 per cent of the routes are feeder routes and two international routes to Don Mueang and Phnom Penh from Zhanjiang.
According to the documents submitted by China Express Airlines to CSRC, from 2014 to 2016, its operating revenues were RMB1.287 billion, RMB1.792 billion and RMB2.551 billion respectively, with net profits of RMB124 million, RMB260 million and RMB337 million respectively. Revenue and net profit for the first half of 2017 were RMB1,534 million and RMB172 million respectively. The number of aircraft has increased from 14 at the end of 2014 to 31 at the end of June 2017. China Express Airlines has 355 pilots.
In 2017, China Express Airlines' safe operation steadily improved. It has 35 aircraft, and more than 70,000 aircraft movements, of which 77.15 per cent are punctual flights.
/ KUCINTA SETIA
Distributed to All Press & Travel Professionals
According to the website of China Securities Regulatory Commission (CSRC), China Express Airlines has successfully passed the audit on the 17th working meeting of the 17th Commission of the Securities and Futures Commission on 17 January 2018. This will be the first China's regional airline and the seventh Chinese airline that holds A-shares.
Headquartered in Chongqing, China Express Airlines focuses on regional air passenger and freight services with air hubs in Guiyang, Chongqing, Dalian, Hohhot and Xi'an Xianyang. As of the end of June 2017, the airline flies to more than 80 destinations, of which 96 per cent of the routes are feeder routes and two international routes to Don Mueang and Phnom Penh from Zhanjiang.
According to the documents submitted by China Express Airlines to CSRC, from 2014 to 2016, its operating revenues were RMB1.287 billion, RMB1.792 billion and RMB2.551 billion respectively, with net profits of RMB124 million, RMB260 million and RMB337 million respectively. Revenue and net profit for the first half of 2017 were RMB1,534 million and RMB172 million respectively. The number of aircraft has increased from 14 at the end of 2014 to 31 at the end of June 2017. China Express Airlines has 355 pilots.
In 2017, China Express Airlines' safe operation steadily improved. It has 35 aircraft, and more than 70,000 aircraft movements, of which 77.15 per cent are punctual flights.
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