In charge of China Eastern Airlines Group 13 years Chairman Liu Shaoyong retired

(Shanghai News) Sources revealed that Liu Shaoyong, the chairman of China Eastern Airlines, has retired.

According to daily economic news reports, relevant sources of China Eastern Airlines confirmed that China Eastern Airlines held a meeting on Thursday (22nd) to announce the decision of the Organization Department of the Central Committee of the Communist Party of China on the retirement of the chairman Liu Shaoyong but not retiring.After Liu Shaoyong retired, the general manager Li Yangmin was temporarily presided over Eastern Airlines.Sources revealed that at the group level, the listed company has not received a notice.

Liu Shaoyong will also continue to serve as a member of the Economic Committee of the National Committee of the Chinese People's Political Consultative Conference.

Public information shows that Liu Shaoyong is 65 years old and graduated from the China Civil Aviation Academy of China. He obtained a master's degree in business administration from Tsinghua University and has a titles of senior pilots.He joined the work in 1978 and served as a pilot in the former Chinese Civil Aviation Second Flight Corps and the former Chinese General Airlines.

Liu Shaoyong served as deputy general manager of China General Airlines in 1995, returned to Oriental Airlines as the general manager in 2000, and was promoted to the Deputy Director of the General Administration of Civil Aviation in October 2002 until August 2004.Liu Shaoyong served as the chairman of Southern Airlines in November 2004. Two years after the main administration, Southern Airlines achieved a profit and gradually became the top companies in the number of aircraft, passenger volume, and profitability in Chinese airlines.

During the financial crisis in 2008, Oriental Airlines lost nearly 14 billion yuan (RMB and S $ 2.878 billion) in the record, and its debt exceeded the assets of 11.065 billion yuan, facing the risk of suspension.Liu Shaoyong was ordered to be transferred to China Eastern Airlines. Through government capital injection and targeted financing, China Eastern Airlines gradually got out of the dilemma of capital contribution. In 2009, he achieved a turnover.