Spring and JuneYao show success is possible among Chinese private airlines

Following the bankruptcy of East Star Airlines in late Aug-2009, there are now four private airlines - JuneYao, Okay, Spring and United Airlines - in China. [3079 words]

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This report contains the following subheadings:

• Spring Airlines’ profits and traffic surge
• Seen improvement in financial performance since May-2009; domestic market recovering “very well”
• On track for fourth consecutive year of profitability
• Invests in fleet and pilots; receives 14th A320
• Getting creative with ancillaries
• Spring to establish Northeast China hub
• New schedule launched
• Spring Airlines calls for greater access to 20 largest airports
• JuneYao Airlines expecting a significantly increased profit in 2009 and 2010
• JuneYao Airlines on track with IPO plans
• JuneYao acquires first owned aircraft
• Juneyao seeking to take advantage of 2010 World Expo with international services
• Year-to-date pax growth of 76%
• Okay Airways seeing “no development” in investment efforts
• Cancels services due to considerable losses and pilot shortages
• East Star Air assets to be auctioned
• Chengdu Airlines arises from the restructuring of United Eagle

This report contains the following charts and tables:

• China’s Private Carriers
• China domestic capacity (seats) by carrier: Oct-2009
• Spring Airlines financial highlights for six months ended 30-Jun-2009 
• Spring Airlines traffic highlights: Nov-2005 to Sep-2009 
• Spring Airlines fleet plan: Nov-2009 
• Shenyang Airport capacity (seats) share by carrier: Nov-2009
• Shenyang Airport passenger numbers growth: Mar-2009 to Sep-2009
• Airlines planning IPOs in China
• JuneYao Airlines fleet plans: Nov-2009
• JuneYao Airlines traffic growth: Jan-2007 to Sep-2009