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由于公司主要业务85%属于国内航空业务,所以总体业务受到全球经济危机影响就比较小。公司业务处于中国南方航空国际级别枢纽地位,具有比较强的竞争优势。航空公司拖欠公司费用在三季度报表中增长了28%,我们认为,航空公司属于大型国有企业集团,拖欠费用还是在比较正常的范围,形成坏账的可能性比较低。联邦快递中国转运中心在2009年全面投入运行将大大支持航空货运业务的增长。
As 85% of the company’s main business is in the domestic aviation business, the overall business is less affected by the global economic crisis. The Company’s business is a hub at the international level of China Southern Airlines and possesses comparatively strong competitive advantages. Airlines arrears corporate expenses increased by 28% in the third quarter report, we believe that the airlines belong to the large state-owned enterprise groups, the arrears of the cost is still relatively normal range, the possibility of bad debts is relatively low. FedEx China Transit Center fully operational in 2009 will greatly support the growth of air cargo operations.