Airlines leased its first 737-200 aircraft, and on December 18, 1985, the third meeting of the first board of directors and the first meeting of the second board of directors of Xiamen Airlines decided to transfer the shares of the Civil Aviation Administration of Shanghai for Xiamen Airlines to the Civil Aviation Administration of Guangzhou, with the same ratio of capital contribution from each party. The agreement of joint venture operation of Xiamen Airlines by the three shareholders and the articles of association of Xiamen Airlines were amended and submitted for approval and became effective on January 1, 1986. On November 16, the first B737-200 aircraft was transferred from Guangzhou to Xiamen as the base of Xiamen Airlines. In November 1987, Xiamen Airlines introduced the second B737-200 aircraft, and in this year, Xiamen Airlines reversed the operating loss of the first three years and made a profit of 3.17 million RMB for the first time. Expansion Xiamen Airlines has made innovative breakthroughs in corporate organization, operation and management, and transportation services. At the time of its establishment, Xiamen Airlines was positioned as an independently-accounted, self-financing limited liability company. In 1989, reforms were made to the organization, personnel management, labor distribution, housing system, medical insurance, and employee benefits, etc. In 1997, the contract system for employees was implemented. On November 16, 1986, the first aircraft of Xiamen Airlines was transferred from Guangzhou to Xiamen to start its operation. In the same year, Xiamen Airlines bid farewell to its losses and opened the curtain on 27 years of continuous profitability. August 8, 1988, Xiamen Airlines took over the ownership of its first new passenger aircraft from Boeing (Xiamen Airlines had previously operated old aircraft sold to Xiamen Airlines by China Southern Airlines and Southwest Airlines). The aircraft was a Boeing 737-25C Advanced (registration number B-2524), the last Boeing 737 classic airliner produced by Boeing Civil Aircraft. The aircraft was retired from service in 2003 and resold to Blue Dart Express. In 1991, the General Administration of Civil Aviation (GACA) approved Xiamen Airlines to adopt "Blue Sky and White Heron" as its corporate logo. In the same year, the Civil Aviation Administration separated the government and enterprises and established China Southern Airlines, and the shares held by the Civil Aviation Guangzhou Administration were transferred to China Southern Airlines. On August 12, 1992, Xiamen Airlines took delivery of its first Boeing 757-200 aircraft, registered