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.

This CAPA Premium Analysis article is 714 words.

To access CAPA Premium Analysis you need a CAPA Membership

Your window into the latest insights

CAPA employs an industry-leading Analyst team based in Europe, North America, Asia and Australia who offer unique perspectives and independent and accurate commentary of critical industry developments globally. CAPA Members rely on our Analysis to unlock valuable insights and actionable intelligence to keep ahead of the game.

Big picture strategic view

Our Analysts don’t just report the news - they take a big picture strategic view of aviation dynamics, issues and trends and analyse the implications of these developments for you.

Global intelligence

The CAPA Analyst team is based globally to ensure our CAPA Members have access to independent, unique perspectives covering an entire spectrum of daily, worldwide commercial aviation developments.

Customise your Alerts

CAPA Members can use CAPA Alerts to receive daily, weekly or monthly and customised updates on our Analysis.

I'm very impressed by the factual and detailed analysis CAPA is always doing.

- CEO, Airline Member
To learn more, contact us:
Phone: +61 2 9241 3200 | Email: membership@centreforaviation.com