Zhejiang Loong Airlines signs MoU for 20 A320 Family aircraft

Zhejiang Loong Airlines, an airline based in Hongzhou, capital city of Zhejiang Province in Eastern China, has signed a Memorandum of Understanding (MoU) for 20 Airbus A320 Family aircraft, including 11 A320ceo and nine A320neo. The airline has recently been approved by the Civil Aviation Administration of China (CAAC) for passenger flight operation.

The MoU was signed by Liu Yi, President of Zhejiang Loong Airlines and Fabrice Bregier, Airbus President and CEO, at the 15th Aviation Expo China 2013 in Beijing.

“The Airbus A320 Family aircraft is ideal for start up airlines with clear advantages in operational reliability, economics, cabin space and its commonality between different types of Airbus aircraft, which will help operators to reduce cost on training and maintenance,” said Liu Qihong, Chairman of Zhejiang Loong Airlines. “I believe the Airbus A320 aircraft will help us to achieve the goal of building intensive domestic and international networks around Hangzhou”.

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“The commitment from Zhejiang Loong Airlines is another vote of confidence for our popular A320 Family, both the current and the new engine option,” said Fabrice Bregier, Airbus President and CEO. “Based in Eastern China, where the economy is growing fast and strong, Zhejiang Loong Airlines will have with their efficient A320 Family aircraft an excellent basis for a prosperous future and surely will contribute to boost the economic development of this area further."

 Zhejiang Loong plans to start business in 2013. It’s passenger operation will start with domestic routes from Hangzhou to first tier airports like Chengdu, Chongqing, Shenzhen and Xi’an. The airline has the ambition to start regional and international routes  in three to five years.

Source: Airbus, an EADS N.V. company (Paris: EAD.PA)
Date: Sep 25, 2013