China’s 1st Private Airline Suspends Flights Early

China’s first private airline isn’t faring too well. From AP:

has been locked in a messy dispute with its controlling shareholder. News reports this week said the Civil Aviation Administration of China ordered the flight suspension at the request of the shareholder, Shanghai-based Junyao Group Co.

A Junyao spokesman told the official Xinhua News Agency that Okay Airways suspended passenger service Saturday. An airline spokesman had said Thursday that the one-month suspension would start Dec. 15.

[…] The suspension came earlier than expected because some airports, worried about the airline’s financial troubles, would only refuel its planes for cash, Xinhua reported.

See a Xinhua report here.

December 6, 2008 9:18 PM
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Categories: Economy