China Southern Chief Urges Government to Speed Up Airline Investment
Posted on: Monday, 17 March 2008, 09:00 CDT
Attempting to draw the Chinese government's attention to the high liabilities induced financial risk faced by the country's airlines, China Southern Airlines has urged the government to speed up capital investment into the airlines, reported XFN Asia, quoting group chairman, Liu Shaoyong.
In a proposal presented to the National People's Congress, Mr Shaoyong said: "The government should speed up capital injection in order to reduce airline companies' heavy liability burden."
The note, which was reportedly published by the General Administration of Civil Aviation on its website, also pointed out that Chinese airlines were subjected to high taxes.
Mr Shaoyong's suggestions included a reduction in the tariffs on aircraft imports as well as other duties.
Source: Datamonitor
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