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Okay keen to get back in business very soon
Source: Xinhua |
January 1, 2009, Thursday
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Print Edition
Print Edition
OKAY Airways, the country's first private air carrier, hopes to resume operation as soon as possible but was not sure about the exact date, the company's chief executive officer Liu Weining said yesterday.
"Shareholders and staff were all against suspension" and "really looked forward to the restart," he said, noting there would be a conference focusing on the issue. But no other details were given.
Yesterday's Beijing News reported that the firm was expected to resume operation on January 15, after it had ceased service on December 6 because of disputes among shareholders.
The company said it was preparing to resume business and planned to file an application next week. The carrier expected to lose nearly 100 million yuan in business during the suspension period, according to the report.
An unnamed official from the Civil Aviation Administration of China said Okay Airways had not submitted any application to resume operations to CAAC.
Wan Junjin, the airline's legal representative and chairman of JuneYao Group, the biggest shareholder, applied to the CAAC North China Regional Administration for suspension.
The regional office approved the application and ordered the company to suspend its services from December 15 to January 15 this year.
But the company suspended passenger services on December 6, 10 days ahead of schedule as a result of financial and management problems, according to a spokesman for the JuneYao Group.
Its partners - including airports, fuel suppliers and Fedex Express - all terminated their contracts with the airline.
Okay Airways began cooperating with Fedex on freight services in 2006 and had signed a five-year contract. However, their cooperation came to halt after only one year and nine months.
"I felt so depressed about the loss," the newspaper quoted an unnamed senior company official as saying, noting that air companies faced a tough time this year but that the carrier had gained profits for its cooperation with Fedex.
Last month, JuneYao Group, which holds a 63-percent stake in Okay Airways, applied to the CAAC North China Regional Administration for withdrawal from the aviation firm, offering the explanation of fears over safety.
"Shareholders and staff were all against suspension" and "really looked forward to the restart," he said, noting there would be a conference focusing on the issue. But no other details were given.
Yesterday's Beijing News reported that the firm was expected to resume operation on January 15, after it had ceased service on December 6 because of disputes among shareholders.
The company said it was preparing to resume business and planned to file an application next week. The carrier expected to lose nearly 100 million yuan in business during the suspension period, according to the report.
An unnamed official from the Civil Aviation Administration of China said Okay Airways had not submitted any application to resume operations to CAAC.
Wan Junjin, the airline's legal representative and chairman of JuneYao Group, the biggest shareholder, applied to the CAAC North China Regional Administration for suspension.
The regional office approved the application and ordered the company to suspend its services from December 15 to January 15 this year.
But the company suspended passenger services on December 6, 10 days ahead of schedule as a result of financial and management problems, according to a spokesman for the JuneYao Group.
Its partners - including airports, fuel suppliers and Fedex Express - all terminated their contracts with the airline.
Okay Airways began cooperating with Fedex on freight services in 2006 and had signed a five-year contract. However, their cooperation came to halt after only one year and nine months.
"I felt so depressed about the loss," the newspaper quoted an unnamed senior company official as saying, noting that air companies faced a tough time this year but that the carrier had gained profits for its cooperation with Fedex.
Last month, JuneYao Group, which holds a 63-percent stake in Okay Airways, applied to the CAAC North China Regional Administration for withdrawal from the aviation firm, offering the explanation of fears over safety.
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