Saturday, September 20, 2014   

China's budget airline buys 50 Boeing aircraft
(05-15 12:03)

Low-cost carrier Jiuyuan Airlines signed an agreement with the Boeing Company on Wednesday to purchase 50 aircraft worth more than US$6 billion.
The deal is the largest purchase ever by a private Chinese airline.
The aircraft, including Boeing's 737-800 and 737 MAX, are expected to be in operation by 2020.
The budget carrier plans prices as low as 9 yuan to tap a new client source. Guangzhou is the top destination of Chinese migrant workers.
Jiuyuan Airlines is jointly owned by Shanghai Juneyao Airlines Co. Ltd, Elion Resources Group Limited Company, Xinhualian Holding Co. Ltd and Juneyao's Ji Guangping with a registered capital of 600 million yuan, according to the Shanghai Juneyao website. --Xinhua   
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