Strategic Investments

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Shenzhen Airlines

Shenzhen Airlines Company Limited ("Shenzhen Airlines") is a 49% owned associate of the Group. Shenzhen Airlines is principally engaged in passenger transport and cargo transport and the provision of aviation related services. Shenzhen Airlines is the fifth largest airline in China, with its headquarters located in Shenzhen and branch offices and bases spanning various parts of China. As at the end of December 2020, Shenzhen Airlines operated a total of 222 passenger aircraft and operated 255 domestic and international routes, comprising 250 domestic routes, and 5 international routes. The airline industry suffered a heavy blow from a plunge in demand for air transport resulting from the Pandemic in 2020. During 2020, the passenger transport volume of Shenzhen Airlines decreased significantly to 25.48 million passenger rides (2019: 37,84 million passenger rides) with a passenger traffic of 37,189 million passenger-km (2019: 57,876 million passenger-km), representing a decrease of 33% and 36%, respectively, as compared to the corresponding period of the previous year.

updated 15 July 2021