Shenzhen Airlines promised to maintain its operational stability following the Sunday arrest of controlling stakeholder Li Zeyuan, who was accused of economic crimes. Shenzhen President Li Kun has taken charge of the carrier in the interim. Launched in 1995, Shenzhen originally was a state-owned airline but was privatized when Shenzhen Huirun Group and Shenzhen Yiyang Group purchased a 65% share in May 2005. Li Zeyuan holds 89% of Huirun. CAAC and Air China, which holds a 25% stake in ...

Subscribe to Access this Entire Article

"Shenzhen in flux as controlling shareholder arrested" is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions? ATWPlus@penton.com.