Urumqi Air, a scheduled carrier operating in China's Xinjiang region, has successfully secured a CNY100 million (USD14.9 million) credit facility from the Bank of Beijing's Urumqi branch. This credit line is backed by a corporate guarantee of up to CNY120 million (USD17.9 million) from its majority shareholder, Hainan Airlines Holding.
The guarantee covers the principal amount along with interest, penalties, and related costs. Urumqi Air also issued a counter-guarantee to Hainan Airlines Holding, reinforcing its financial backing and stability.
Operational Overview
The airline's fleet comprises 22 aircraft, serving 44 destinations with 78 routes and operating approximately 82 flights daily. Based in Urumqi, the airline continues to expand its network within China.
This financial support and operational activity highlight Urumqi Air's strategic positioning amid China's growing aviation sector. The airline's recent engagements in fleet guarantees and financial backing demonstrate its commitment to expanding connectivity and maintaining operational stability.
Further details about this transaction and the airline's planning can be accessed through the Shanghai Stock Exchange.
