Established in 2007, Chongqing Airlines is an airline based in Chongqing, China. The carrier, which is jointly-owned by China Southern Airlines and Chongqing Municipal Development & Investment Company, operates domestic passenger services from its main base at Chongqing Jiangbei International Airport.
Location of Chongqing Airlines main hub (Chongqing Airport)
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The CAAC has come out with an extraordinary prediction this month: Chinese airlines will nearly double their fleet size to as many as 5,000 aircraft by 2015. In the shadows of a major international air show on home soil, one might expect some bullish sentiment from the hosts. But the comment, by CAAC Head Li Jiaxiang, that the nation's domestic carriers will have an expected combined fleet of 4,800-5,000 aircraft in just five years (from 2,600 at present) is a breathtaking assessment. Even if it's only 50% accurate, aircraft manufacturers big and small are in for a bonanza.
Airline industry profits are flowing again in China in 2010 after a recovery in earnings in late 2009. Chinese carriers are now growing capacity (and their respective fleets and networks) aggressively, looking to further consolidate at home and increasing their presence on the international stage with a series of alliance moves.