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United Eagle Airlines to be nationalised, as Sichuan Airlines gains controlling holding


United Eagle Airlines, a private Sichuan-based airline, approved shareholder changes and a capital increase, enabling the struggling carrier to receive a cash injection from state-owned Sichuan Airlines. Sichuan Airlines is 40% controlled by Sichuan Local government and 39% owned China Southern Airlines. [472 words]

Unlock the following content in this report:


  • Debt-to-asset ratio of over 90%, as debt levels soar
  • Plans expansion of business with new routes and fleet

Graphs and data:

  • Chengdu Shuangliu International Airport capacity (seats) share
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