China Southern Airlines has signed a strategic cooperation agreement with China Construction Bank. China Construction Bank commits to provide China Southern Airlines a comprehensive credit extension up to…
China Southern Airlines has signed a strategic cooperation agreement with China Construction Bank. China Construction Bank commits to provide China Southern Airlines a comprehensive credit extension up to RMB10 Billion Yuan. Present at the signing ceremony were Mr. Liu Shao Yong, President of China Southern Air Holding Company & Chairman of China Southern Airlines and Mr. Guo Shu Qing, Chairman of China Construction Bank.
The signing of this strategic cooperation agreement between China Southern Airlines and China Construction Bank will provide our two parties a strong guarantee in our bilateral full-side cooperation, laying a good foundation in a sustained developing relationship between a bank and an enterprise, said Mr. Liu Shao Yong, Chairman, China Southern Airlines.
Mr. Liu added that, the signing of this strategic cooperation pact between China Southern Airlines and China Construction Bank is a win-win cooperation between a backbone Chinese carrier and a major Chinese bank.
The $3 Billion, Guangzhou Baiyun International Airport services as the airline`s worldwide headquarters with Beijing as a key hub destination – offering passengers an extensive network covering all of China and Asia with convenient connections to Africa, Australia, Europe and the United States. By the close of 2007, China Southern Airlines will officially join the SkyTeam Alliance.
Mr. Liu added, as a Chinese saying going, ?A fence is supported with three pickets and a man is backed by three groups of people, China Southern Airlines, as the largest Chinese carrier, its existence and development relies on the gracious support of the varied government bodies, all the banks and the various circles of the nation.
For many years, the customers of China Southern Airlines have enjoyed significant advantages with our partnership with China Construction Bank in the areas of loans for capital construction; housing public accumulation funds; aircraft financing; loans for interest in the form of a deduction when selling a bill of exchange; general loans as well as both deposit and exchange settlements, said Mr. Liu.
He also added that the two parties have created significant advances in airline e-ticketing, capital polls and settlement via the Internet Banking Service.
Vicky is the co-founder of TravelDailyNews Media Network where she is the Editor-in Chief. She is also responsible for the daily operation and the financial policy. She holds a Bachelor's degree in Tourism Business Administration from the Technical University of Athens and a Master in Business Administration (MBA) from the University of Wales. She has many years of both academic and industrial experience within the travel industry. She has written/edited numerous articles in various tourism magazines.
