This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

China Southern, at Last, Flies to New York Thanks to Its Boeing 777-300ER

NEW YORK -- ( TheStreet) -- For all of the overcapacity in the U.S.-China aviation market, one flight seemed to be lacking -- the one between New York and the Guangzhou hub of Asia's largest airline.

That discrepancy ended Thursday, when China Southern (ZNH) flew a 309-seat Boeing (BA - Get Report) 777-300 ER (extended range) into Terminal Four at Kennedy International Airport, the largest international terminal in the U.S. "We finally made our dream come true," China Southern Chairman Si Xianmin told reporters Wednesday. "It's been China Southern's years-long aspiration to serve New York."

China Southern launched its first route to the United States when it began Guangzhou-LAX service in 1997.

Read More: 1 In 3 Americans Fear International Travel and Flights, Poll Shows

"For a decade we've been analyzing the viability of launching new routes to New York," Si said, through a translator. "(But) before we took a 777-300 ER we did not have the right aircraft to serve New York routes. China Southern purchased the aircraft for this new service."

The 15-hour flight covers 8,014 miles and will initially be offered four times a week.

Bradley Rubinstein, manager of industry and regulatory relations for the Port Authority of New York and New Jersey, said the delay in the inauguration of service "primarily rested with the Chinese government. China Southern tried several years ago to launch Beijing-JFK, but could not get the rights from the CAAC."

The Civil Aviation Authority of China would not allow China Southern to compete with Air China, which already served the route. Typically, the CAAC allows just one Chinese airline per international route, although exceptions are made.

"China Southern wanted the route and they had (Airbus) A380s to deploy," Rubinstein said, in an interview. "We had many meetings." The A380 can fly the 6,830-mile Beijing/JFK route, but to fly Guangzhou/JFK the carrier needed two 777s, Si said. It took its first delivery in February.

Another barrier to service may have been the proximity of Guangzhou Baiyun International Airport to Hong Kong International Airport. The two cities are 85 miles apart. Cathay Pacific flies Hong Kong-JFK.

Read More: Alaska Air Counters Delta Assault with Secret Weapon: Unified Employees

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Submit an article to us!
SYM TRADE IT LAST %CHG
ZNH $48.04 -2.60%
BA $144.28 -0.27%
UAL $60.93 -0.77%
AAPL $129.66 0.55%
FB $78.96 -0.04%

Markets

DOW 18,102.83 +78.77 0.44%
S&P 500 2,116.86 +8.57 0.41%
NASDAQ 5,028.4850 +23.0940 0.46%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs