The airline will operate two flights per week to the Chinese city, starting from March 3, as business links across the Taiwan Strait continue to grow.
Currently, TransAsia Airways offers 32 flights a week to a number of destinations in China, including Shanghai, Hangzhou, Tianjin, Fuzhou, Xiamen, Changsha, Wuhan and Hefei.
In addition to its China routes, TransAsia Airways also operates 48 flights per week to three other overseas destinations -- Busan and Jeju in South Korea and Macau.
The company said it also plans to launch flights to Singapore, Japan, and Bangkok in Thailand this year to boost its bottom line through expansion as the global economy is recovering.
TransAsia Airways said it is aiming to raise its net profit to NT$1.5 billion (US$51.32 million) for 2011 from an estimated NT$900 million in 2010.
In the first nine months of last year, the carrier posted NT$723 million in net profit, up 50.6 percent from a year earlier because of growing demand as the global airline business rebounded strongly from the worldwide financial crisis.
TransAsia Airways has ordered eight new planes -- two Airbus A330-300s and six A321-200s -- to meet cross-strait air travel demand and enhance its competitiveness in the long term.
The carrier now has a fleet of 16 aircraft, including two Airbus A320s, five A321s, and nine ATR72s.
The company has been listed in the emerging market since November, paving the path for a public listing on the Taiwan Stock Exchange or the over-the-counter (OTC) market.
Under local securities regulations, a company has to be listed as an emerging stock for no less than six months before it can go public on the main board or the market.
(By Chao Hsiao-hui and Frances Huang)