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China Express Airlines Hits Limit Down After Plane Careers Off Runway
Chen Shanshan
DATE:  Aug 30 2021
/ SOURCE:  Yicai
China Express Airlines Hits Limit Down After Plane Careers Off Runway China Express Airlines Hits Limit Down After Plane Careers Off Runway

(Yicai Global) Aug. 30 -- Shares in China Express Airlines, also known as Huaxia Air, plummeted by the exchange-imposed limit today after an aircraft carrying 64 passengers veered off the runway when landing in the Xinjiang Uyghur Automomous Region yesterday. There were no casualties.

China Express’ share price [SHE:002928] crashed 10 percent to close at CNY10.41 (USD1.61).

Flight G54394 from Korla to Aksu slipped off the landing strip last night, Xinjiang Airport Group said on its WeChat account today. Everyone was evacuated in an orderly manner, it said. Of the nine crew members and 64 passengers, four were slightly bruised.

China Express, which operates 148 regional routes, has yet to comment on the matter and no explanation has yet been given for the accident.

The aircraft involved is the Bombardier CRJ 900 and Chongqing-based China Express is the only carrier in the country to use this type of airplane.

China Express logged a 41.7 percent leap in net profit in the first half from the same period last year to CNY11.7 million (USD1.8 million), according to its latest earnings report. Revenue was up 17.4 percent to CNY2.3 billion (USD355.6 million).

Editors: Dou Shicong, Kim Taylor

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Keywords: China Express Airlines,Accident