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Sichuan Airlines gains controlling holding in United Eagle Airlines

7-Apr-2009

The ranks of Chinese private airlines is dwindling under the strain of the economic slowdown and credit crunch. United Eagle Airlines approved shareholder changes and a capital increase, enabling the struggling private Sichuan-based airline to receive a cash injection from state-owned Sichuan Airlines (Sichuan Airlines is 40% controlled by Sichuan Local government and 39% owned by China Southern Airlines). [588 words]

Unlock the following content in this report:

Subheadings:

  • To increase presence at Chengdu Shuangliu International Airport
  • To take delivery of first Tianjin-assembled A320 in Jul-2009
  • Applies to expand its business scope

Graphs and data:

  • Chengdu Shuangliu International Airport capacity (seats) share
  • Sichuan Airlines' fleet plan: 2009 to 2014 (as at Apr-2009)
  • Sichuan Airlines' business scope
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