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    600221   CNE0000011C5

HAINAN AIRLINES HOLDING CO., LTD.

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China Southern Airlines completes Boeing 737 MAX test flight

01/21/2022 | 05:41am EDT
FILE PHOTO: A China Southern Airlines employee wears a surgical mask as a preventive measure in light of the coronavirus outbreak in China, while he attends a customer behind the counter at Benito Juarez international airport in Mexico City

BEIJING/SYDNEY (Reuters) - China Southern Airlines, one of the country's three biggest carriers, completed a test flight of the Boeing 737 MAX on Friday, as Chinese airlines gear up for the model's return to service.

The Civil Aviation Administration of China (CAAC), the first regulator globally to ground the 737 MAX following two fatal crashes, approved design changes in early December after more than two and a half years.

The regulator had expected airlines to resume commercial flights around the beginning of this year.

A MAX 8 belonging to China Southern, the largest 737 MAX operator in the country, took off from its headquarters city in Guangzhou and touched down three hours and 33 minutes later in the same city, according to aviation data provider Variflight. The plane did not carry any passengers.

That followed a Hainan Airlines flight on Jan. 9 from Taiyuan, where it had parked some of its grounded 737 MAX, to its base city in Haikou. That flight lasted for two hours and 52 minutes, according to tracking websites.

Before the MAX was grounded, Boeing was selling a quarter of the planes it built annually to Chinese buyers, its largest customers.

CAAC officials had said the planes would need to be modified and pilots would require additional training before the resumption of commercial flights in the country.

(Reporting by Stella Qiu in Beijing and Jamie Freed in Sydney; Editing by Mark Potter)


© Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
CHINA SOUTHERN AIRLINES COMPANY LIMITED 1.18% 4.29 Delayed Quote.-8.14%
HAINAN AIRLINES HOLDING CO., LTD. 0.00% 1.68 End-of-day quote.-9.68%
THE BOEING COMPANY 3.52% 132.23 Delayed Quote.-36.55%
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Financials
Sales 2020 29 401 M 4 389 M 4 389 M
Net income 2020 -64 003 M -9 554 M -9 554 M
Net Debt 2020 98 538 M 14 709 M 14 709 M
P/E ratio 2020 -0,05x
Yield 2020 -
Capitalization 28 094 M 4 194 M 4 194 M
EV / Sales 2019
EV / Sales 2020 4,22x
Nbr of Employees 36 971
Free-Float 61,1%
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