Shanghai to Dalian flight tickets - In China, the practice of corporate acquisitions naturally differs as well. Shenzhen Airlines announced on the 3rd that Fan Cheng, Vice President of Air China, has been appointed as the Party Secretary of Shenzhen Airlines —— which is the most powerful position in any Chinese enterprise. Air China is China's state-owned flagship airline.
Just days before this announcement, Shenzhen Airlines revealed that its actual owner, Li Zeyuan, is under investigation for unspecified "economic crimes."
Air China owns 25% of Shenzhen Airlines' shares, but since Li Zeyuan (a widely connected former military officer) purchased 65% of Shenzhen Airlines from the government in 2005, Air China has been trying to increase its stake.
Chinese media reports and industry insiders speculate that the investigation into Li Zeyuan may be related to the hasty completion of the acquisition deal at the time, as well as potential issues with how Li raised funds to purchase the majority stake in this fifth-largest Chinese airline. Shanghai to Sanya flight tickets.
Moreover, Air China is owned by the central government and can access treasury funds when necessary. The company has suddenly made a move, attempting to take advantage of Li Zeyuan's legal troubles.
Another piece of evidence indicating that Air China is planning to acquire Shenzhen Airlines: Shenzhen Airlines has refused to disclose the condition or whereabouts of its chairman, Li Mo. Li Mo seems to have been sidelined — he happens to be Li Zeyuan's son.