China Southern Airlines to set up new Beijing-based airline, Xiongan Airlines

China Southern Airlines intends to establish Xiongan Airlines in the Xiongan New Area, with operations beginning after 2018.

China Southern intends to make a total contribution of RMB10 billion by stages in cash amounted to RMB2.5 billion and by tangible assets amounted to RMB7.5 billion to establish the subsidiary.

The establishment of Xiongan Airlines in Xiongan New Area is beneficial for the better construction and operation of the Beijing Hub, and will further push forward the implementation of the strategy of ‘Dual Hub of Guangzhou and Beijing’.