My Account Menu

CAPA Login

Register to trial CAPA Membership!

Shenzhen Airlines' assets seized as fuel bill bites, but profitability continues into 1Q2009


The ongoing economic recession is taking its toll on China’s airline industry. China’s largest private airline, Shenzhen Airlines’ USD26.5 million ticketing account was reportedly seized by the Second Intermediate People's Court of Beijing, as remittance for outstanding fuel debts owed to South China Bluesky Aviation Oil. The carrier cited fluctuating fuel prices and the economic recession, which had restricted the airline’s cash flow in 2008, for the default fuel bill. [721 words]

Unlock the following content in this report:


  • Completes acquisition of Mesa Air stake in Kunpeng Airlines
  • Shows no sign of slowing down fleet expansion
  • Domestic expansion continues
  • Signs agreement with Shenyang Government to increase base capacity
  • Considers establishing Jade Cargo subsidiary in Chongqing

Graphs and data:

  • Shenzhen Airlines current and future fleet plan: as at 23-Apr-09
  • Shenzhen Airlines aircraft delivery schedule: as at 23-Apr-09
  • Guangzhou Baiyun International Airport (seats per week as % of total)
Please login to continue reading or find out more about CAPA Membership below.
This content is exclusively for CAPA Membership Subscribers

CAPA Membership gives you the latest aviation news and alerts, access to CAPA articles, reports, and our leading aviation data with optional premium add-ons.