Shenzhen Airlines earned net income of CNY500 million ($73.1 million) through the first 11 months of 2009, President Li Kun said, as it signed a financing agreement with the Industrial and Commercial Bank of China covering purchase of 15 737-800s worth CNY5 billion. The airline currently operates 33 -800s in its fleet of more than 130 aircraft and expects to introduce 10 aircraft annually over the next few years. Li Kun has been in charge since controlling stakeholder Li Zeyuan was arrested ...

Subscribe to Access this Entire Article

"Printer-friendly" 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.

Already registered? here.