Jing Ji Guan Cha Wang·2025-06-30 03:21Core Viewpoint - Liu Shaoyong, the former chairman of China Eastern Airlines Group, is under investigation for serious violations of discipline and law, raising concerns in the aviation industry [2][3]. Group 1: Background of Liu Shaoyong - Liu Shaoyong, born in 1958, has a long history in the civil aviation industry, having held various significant positions including general manager of China Eastern Airlines and China Southern Airlines [4]. - He is recognized for his ability to turn around struggling airlines, earning the nickname "firefighter" in the aviation sector [3][5]. Group 2: Achievements and Challenges - Under Liu's leadership, China Eastern Airlines returned to profitability within a year after he took over in 2008, following a significant loss of 13.93 billion yuan in 2008 [5]. - The company achieved a net profit of 7.12 billion yuan in 2009 and 5.38 billion yuan in 2010, marking a significant recovery [5]. - However, since 2020, the global aviation industry has faced severe challenges due to the pandemic, with China Eastern Airlines reporting cumulative losses exceeding 70 billion yuan over the past five years [5][6]. Group 3: Recent Developments - In the first quarter of this year, China Eastern Airlines reported revenue of 33.41 billion yuan, a year-on-year increase of 0.65%, but also a net loss of 999.5 million yuan, which is a 23.91% increase in losses compared to the previous year [6].