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29th June 2018
China Express Airlines look into investing in Qazaq Air
The Kazakh-state owned airline Qazaq Air and China Express Airlines are looking to get friendly in the next few weeks. China's first privatised airline has signed a Memorandum of Understanding with Qaaq Air, outlining their strategic cooperation. The Kazakh/ Chinese cooperation may be the first stage in a possible direct financial investment. This move could be a mutually beneficial cooperation between Qazaq Air and China Express Airlines is a continuation of a good-neighbourly partnership aimed at strengthening trade and economic ties between the two countries. Qazaq Air is expecting to take delivery of two new Bombardier Q400 next-gen aircraft in the spring of 2019. The fleet will thus extend to five aircraft of the type. The airline currently operates three 78-seat, Canadian-built turboprops, with an average age of less than three years.
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