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Sichuan Airlines Group formally established, targets domestic IPO in 2012

6-Dec-2010 11:15 AM

Sichuan Airlines announced Sichuan Airlines Group Co Ltd was formally established on 02-Dec-2010 (AvBuyer, 03-Dec-2010). The group stated it will introduce new strategic investors at the appropriate time and is aiming to launch a domestic IPO in 2012. Former Sichuan Airlines Group President and Party Secretary Lan Guoxin has been reappointed Chairman and Legal Representative of the new group company while former Sichuan Provincial SASAC Deputy Director Wang Fengchao has been appointed Vice Chairman and General Manager and Sichuan Airlines Vice President Li Haiying has been reappointed as Part Secretary. Mr Lan will be responsible for the group’s strategic positioning, strategic planning, strategic management and strategic cooperation affairs while Mr Wang will be responsible for specific implementation and enforcements.