On May 22, 2018, Xiamen Airlines took delivery of its first Boeing 737-8 MAX 8 (B-1288, msn 42956) aircraft in Seattle, expanding the fleet to 200 aircraft, and, by doing so, formally entering the pantheon of the world’s largest airlines.
With the addition of the aircraft, Xiamen Airlines passes a key milestone, with the size of the fleet now at 200 airplanes. The airline passed the first milestone of 100 planes in 2013, and continued to grow by adding roughly 20 aircraft per year and doubling the size of the fleet within five years. During the period, the airline’s operating profits also increased year by year, booking gross profits exceeding 10 billion yuan (approx. US$1.5 billion). The airline has been profitable for 31 consecutive years, reflecting the rapid growth in China’s civil aviation industry.
Che Shanglun, chairman of Xiamen Airlines, revealed that the airline’s rapid growth was mainly attributable to the economic stimulus that resulted from China’s reform and opening up and the constant improvement in the living standard across China, which, in turn, led to the massive boost in the demand for air travel. Over the past five years, the US, Europe and China recorded an average annual growth rate of roughly 4 percent, 6 percent and 10 percent in civil aviation passenger volume, respectively, while Xiamen Airlines experienced an average growth rate of 15 percent.
After expanding the fleet to 100 airplanes in 2013, Xiamen Airlines accelerated the move into international markets. The airline bought the first Boeing 787 Dreamliner in August 2014 and launched the first intercontinental flight, between Xiamen and Amsterdam, in July 2015. Over the following two years, the airline launched 10 intercontinental flights to cities across Europe, North America and Oceania, including Los Angeles, Melbourne, New York, Seattle/Tacoma, Sydney and Vancouver. All the intercontinental flights are now serviced by Boeing 787 aircraft.
Photo: Xiamen Air.