Liu Shaoyong, chairman of China Eastern Airlines Group, retired as ＂Fire Captain＂

Thirteen years after taking charge of China Eastern Airlines Group, Liu Shaoyong, chairman, has been retired.Liu Shaoyong, 65, has been called "Fire Captain" by the Chinese civil aviation industry in the past because of his danger.

According to Caixin.com, China Eastern Airlines Group held a meeting on Friday (July 22) to announce the decision of the Organization Department of the Central Committee of the Communist Party of China on Liu Shaoyong's retirement and not retirement.Liu Shaoyong will continue to serve as a member of the Economic Committee of the National Committee of the Chinese People's Political Consultative Conference.

Daily Economic News quoted Eastern Airlines Group people: "However, the group level is currently announced, and the listed company has not received a notice yet." According to reports, after Liu Shaoyong's retirement, he was temporarily generally manager of China Eastern Airlines Group.Li Yumin fully presided over the work of China Eastern Airlines Group.

Liu Shaoyong graduated from the China Civil Aviation Flight Academy and obtained a master's degree in business management from Tsinghua University.He joined the work in 1978 and served as a pilot at the Second Flight Corps of China Civil Aviation and China General Airlines.China General Airlines was restructured from China Civil Aviation Second Flight Corps and later merged into China Eastern Airlines Group.

In 1995, Liu Shaoyong served as the deputy general manager of China General Airlines, the general manager of the Oriental Airlines Shanxi Branch, the deputy director of the Shanxi Provincial Administration of China Civil Aviation Administration, and the Director of the Flight Standard Director of the General Administration of Civil Aviation.In 2000, Liu Shaoyong returned to Eastern Airlines as the general manager, and later he was promoted to the Deputy Director of the General Administration of Civil Aviation.

In November 2004, Liu Shaoyong was transferred to China China Southern Airlines Group and served as the general manager.When he arrived, Southern Airlines, a subsidiary of China Southern Airlines, was falling into the corruption scandal of entrusted financial management and executives.Two years after Liu Shaoyong's administration, Southern Airlines achieved a profit of turning losses, and gradually became a company with the number of aircraft in China, the degree of development of the route network, passenger volume, and profitability of Chinese airlines.

The financial crisis in 2008 swept the world, and Oriental Airlines was trapped in the fuel set of fuel sets.According to reports, Oriental Airlines' losses in 2008 reached a record of nearly 14 billion yuan (RMB, the same below, about S $ 2.8 billion), liabilities exceeded 11.065 billion yuan, and the asset -liability ratio reached 115%.

In this context, Liu Shaoyong once again transferred to China Eastern Airlines Group, served as the general manager, and a Maru Lun, who was transferred to the general manager of Oriental Airlines at the time, formed the heavy responsibility of saving China Eastern Airlines.Liu Shaoyong was also called the "Fire Captain" by the Chinese civil aviation industry.

Under the helm of Liu Shaoyong, Oriental Airlines completed the "blood transfusion", "hemostasis", "broken arm" and "hematopoietic".From the government's capital injection of 7 billion yuan, to the increase of 7 billion yuan in targeted financing, Oriental Airlines gradually stepped out of the dilemma of non -debt debts, and in 2009, it achieved a profit.

The financial report shows that Oriental Airlines' 2009 revenue was 39.831 billion yuan, and the net profit of the mother was 540 million yuan.As of the end of 2009, the total debt of the company was RMB 68.406 billion, a decrease of 18.81%from the beginning of the year.

During this period, Oriental Airlines merged and reorganized Shanghai Airlines that was also in loss at the time, thus firmly controlled the Shanghai Aviation Hub.

Liu Shaoyong also contributed to Eastern Airlines to join the Tianshe Alliance and vigorously carry out foreign cooperation.According to reports, during the administration of Liu Shaoyong, Oriental Airlines introduced external shareholders such as Damimei, Ctrip, auspicious Airlines, and invested in French Air China and Auspicious Airlines.Eastern Airlines Logistics, a subsidiary of China Eastern Airlines Group, has also been launched.

During Liu Shaoyong's last term, MU5735 aircraft flight accidents occurred in March this year, and 132 passengers and units were killed.The accident ended a safe flight record for China ’s civil aviation for 100 million flight hours and 138 months.

Liu Shaoyong's successor has not yet been clear.Earlier, Song Zhiyong, the former chairman of AVIC Group, was promoted to the director of the Civil Aviation Administration of China and secretary of the party group. The chairman of the AVIC Group left was also vacant.