Chinese carriers had failed to pay bills totaling about CNY1.87 billion ($273.6 million) combined to 32 airports as of Dec. 31, according to the China Civil Airports Assn. Domestic carriers blamed "financial difficulties" for the defaults, which comprise mainly landing, parking and security fees. CCAA Secretary General Wang Jian said he was unsatisfied with that explanation, pointing out that airport charges account for no more than 12% of airlines' operating expenses and exert minimal ...

Subscribe to Access this Entire Article

"Chinese airlines owe $274 million to airports" 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.