Probe Launched into Former China Eastern CEO for Alleged Corruption
By:
Pilotcenter.net
The aviation world is abuzz with news of former China Eastern Airlines chairman Liu Shaoyong coming under scrutiny from China's anti-graft watchdog for alleged corruption. Pilotcenter.net News reports that Liu, who helmed the Shanghai-based airline from 2009 until stepping down in 2022, faces accusations of "serious violations of discipline and law," as announced by China's Central Commission for Discipline Inspection (CCDI) and the National Supervisory Commission.
China Eastern Airlines, a key player in the Chinese aviation industry and primarily state-owned, saw significant transformations under Liu's leadership. An accomplished pilot himself, Liu is widely acknowledged for steering China Eastern out of financial turmoil, including record losses, before his tenure. Notably, he orchestrated the merger between China Eastern and Shanghai Airlines in 2010 and inked a strategic partnership with the Qantas Group to launch Jetstar Hong Kong in 2012.
Despite these successes, Liu's current predicament raises questions about his legacy in the aviation sector. Both the CCDI and the National Supervisory Commission are tight-lipped about the specific allegations against Liu, leaving industry observers eager for more details.
The CCDI and the National Supervisory Commission play pivotal roles in China's anti-graft efforts, with the former being the Communist Party of China's primary internal control body and the latter serving as the country's top anti-corruption watchdog, directly accountable to the National People's Congress (NPC).
As news of Liu Shaoyong's investigation continues to unfold, the repercussions for China Eastern Airlines and the wider Chinese aviation industry remain uncertain. Stay tuned to Pilotcenter.net News for the latest developments on this unfolding story.
