Xiamen Airlines Co., Ltd., with C&D Group holding 40% of the shares, is the first airline company in China to start enterprise operation. Now it has developed into a medium-sized airline company with 46 Boeing aircrafts and can handle an annual passenger transportation of 8,000,000 person-times. By 2010, Xiamen Airlines Co., Ltd. will have 65 Boeing aircrafts.
Xiamen Air is the child of our civil air system trial reform. From its inception the company appears in air transport line with a brand-new system. The initial investment is RMB20 million, from 1987 to 1999, the company continues making profit for 13 years, now it has a capital of RMB 4.736 billion and net capital of RMB1.188 billion. The ratio of balance sheet is 74.9%.
In the past 22 years since its establishment, Xiamen Airlines has always stuck to the route of reform, innovation and standardized management. It is at the leading position in China’s civil aviation industry in safety, service and economic benefits. It has passed the ISO9001：2000/ISO14001/OHSAS18001/HACCP quality certification and was awarded the IATA Operational Safety Audit (IOSA) certification by International Air Transport Association. It has built up a brand with safety, good quality and faithfulness and is able to maintain its profitability consecutively for 22 years.
Xiamen Air is mainly dealing with domestic air passengers' and freight transportation and acting as a business agent in air transportation from Fujian province to other neighbor countries or regions. It owns 20 Boeing, which includes 5 B-757, 15 B-737 (containing a plane for passengers and freight), the total seats are 2955. Based on Xiamen, Fuzhou, Jinjiang, Wuyi mount, it's dealing with nearly 100 airliner routes from Beijing, Shanghai, Canton, Hongkong, Macau and other large-scale or middle-sized cities. In Feb. 2000, an international airliner route was opened from Xiamen to Bangkok. Besides, nonscheduled international freight charter flights have been opened from Xiamen to Nagasaki, and Phnom Penh. The company has set more than 30 business departments or offices.
Xiamen Airlines got the reward “Jinyan Cup”, the highest honor in aviation safety, granted by State General Administration of Civil Aviation. And it is the sole aviation company had the honor “Aviation Safety Jinyan Cup” for three times in China.
Honors and Awards
In 2006, Xiamen Airlines won the Golden Eagle Cup, the highest honor in aviation safety for the 5th time, and the “One-Star Prize for Flight Safety” as a result of consecutively safe flight of 1million hours.