It sounds a little off.
Jioyuan Air, Guangdong’s third budget airline, is offering 9 yuan (US$1.44) seats after signing an agreement to buy 50 Boeing aircraft worth US$6 billion, the largest single order of its kind in China’s history, Southern Metropolis Daily reported Thursday.
Then again, the airline is merely trying to live up to its name. In English, it means “nine”, as in 9 yuan.
Wang Junjin, chief executive of Juneyao Airlines Co. Ltd., Jioyuan’s parent, said the new budget carrier will offer more flights within an hour’s flight from Guangzhou and other cities in Guangdong province.
It is expected to begin scheduled services in the second half to destinations in southeast northeast Asia.
Instead of competing directly with other airlines, the company will develop new routes and new markets.
It will offer seats for 9 yuan, 99 yuan, 199 yuan and 299 yuan, president Ji Guangping was quoted as saying.
Ian Thomas, president of Boeing’s China operations, said China will need 5,580 new aircraft worth more than US$780 billion in the next 20 years.
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