Sanya International Airlines will be the only airline that currently includes state-owned enterprises, private airlines, OTAs and local state-owned enterprises among its shareholders.
After a long period of low-key preparations, a new Chinese airline by the name of ”Sanya International Airlines” led by China Eastern finally surfaced after the instruction on the general plan for the construction of the Hainan Free Trade Port was released on June 13, China Eastern Group participated in the signing of the first key project of the Hainan Free Trade Port and signed a contract with the Hainan Provincial Government formally on the strategic cooperation framework agreement in Haikou.
China Eastern Airlines Co., Ltd., the core main company of China Eastern Airlines Group, and the relevant partners formally signed the “Jointly Established Sanya International Aviation Co., Ltd. Cooperation Framework Agreement” (《合资设立三亚国际航空有限公司合作框架协议》) to fully open China Eastern Airlines’ service to Hainan Free Trade Port with a new chapter in construction.
According to the strategic cooperation agreement, China Eastern will give full play to the advantages of its aviation industry cluster, join hands with relevant parties in Hainan, vigorously develop the aviation economy and airport industry, and fully support the development of various businesses in the new era of Hainan. China Eastern Airlines and Hainan Province will be committed to promoting all-round and in-depth cooperation in various fields such as air passenger transportation, aviation logistics, aviation catering, aviation finance, aviation industry investment, and aviation innovation technology, to create the “Aerial Silk Road” connecting Hainan to the world, contributing to the “Eastern Air Force” for the construction of a free trade port with Chinese characteristics.
Among them, “Sanya International Airlines” is an important part of this strategic cooperation.
According to China Eastern Airlines, Sanya International Airlines is positioned as an innovative airline based on Hainan and facing the world, integrating diversification, internationalisation, marketisation and intellectualisation. The airline will be absolutely controlled by China Eastern Airlines (600115), jointly established with Hainan Transportation Investment Holdings Co., Ltd., Sanya Development Holdings Co., Ltd., Juneyao Airlines, and Ctrip Travel Network Technology (Shanghai) Co., Ltd.
It is worth noting that “Sanya International Airlines” is also the only airline that currently includes state-owned enterprises, private airlines, OTAs, and local state-owned enterprises among its shareholders.
At present, China Eastern has fully entered a new stage of high-quality development, and strived to build a global aviation hub network to achieve new leap-forward development in serving national strategies.
The strengthening of strategic cooperation between China Eastern Airlines and Hainan Province and the establishment of a joint venture “Sanya International Airlines” are also the forging competitiveness of Hainan’s seventh freedom rights policy, which effectively integrates the Hainan market into the greater Eastern Airlines to connect 170 countries and 1,036 destinations in the world in order to improve the global accessibility of air passenger and cargo transportation in Hainan, gather more people, logistics, capital, talents and other elements for the free trade port, effectively promote the rapid development of tourism, trade, services and other related industries in the free trade port, and fully serve the self-service port to become the International Tourism Consumer Center, National Key Strategic Service Guarantee Area, National Ecological Civilization Pilot Zone, and comprehensively deepen the strategic realisation of the reform and opening-up pilot zone.
China Eastern’s Sanya International Airlines is targeting the support policy of the Hainan Free Trade Port Policy to the hub airlines, including 15% c...