Spring and Autumn aviation ownership structure exposure: nearly hundreds of employees indirect shareholding

People in the air circle know that before spring and Autumn airlines were established, the same is the spring and autumn state Travel chairman of the Wang Zhenghua, will be a large part of the National Brigade, divided into the company's senior managers and backbone employees, and in the spring and Autumn airlines listed news was exposed, in the end how many employees can share the dividend of the company listed, but also by the outside attention. Yesterday, the "First financial daily" reporter read the spring and Autumn Airlines prospectus found that, in the spring and Autumn airlines shareholders, two companies are owned by more than 80 spring and autumn Airlines and Spring National Brigade executives and the backbone of the business, they also become the indirect shareholders of spring and Autumn airlines, and these two companies, Was in 2010 through the access to the spring and autumn airlines. 1981, Wang Zhenghua from a two square meters of Tin Pavilion started, founded the Spring and Autumn National Brigade, and developed into the current domestic largest private travel agencies. 2004, he founded the spring and Autumn airlines, at that time, the company's initial registered capital of 80 million yuan, of which the Spring and autumn National Brigade capital of 48 million yuan, spring and autumn Charter capital contribution of 32 million yuan, respectively, accounting for 60%, 40% registered. May 15, 2009, the Spring and autumn national tour of the Spring Airlines limited increase of more than 120 million yuan, the completion of the capital, spring and Autumn State Brigade capital contribution of 168 million yuan, Spring and autumn charter investment 32 million yuan, respectively, accounting for 84% of the registered capital, 16%. Among them, the founder of the spring and Autumn airlines hold the spring and Autumn National Brigade 35.7% of the equity and spring charter 43.8% of the Wang Zhenghua, is the company's actual control. September 28, 2010, Spring and Autumn airlines, one of the shareholders Spring Charter, the 6% and 3% of its shares are transferred to Chun Xiang Investment, Chun-wing investment, the transfer completed after the spring and Autumn Airlines shareholding structure: Spring and Autumn National Brigade holding 84% of the equity, spring and autumn Charter holding 7% of the equity, Chun Xiang Investment holding 6% Equity and Spring Wing Investments hold a 3% per cent stake. and Chun Xiang Investment and Chun-wing investment, is entirely by natural persons as shareholders of the company, of which, Chun Xiang investment is the spring and Autumn Airlines 48 senior management, core technical personnel, pilots and other business backbone set up the company, Chun-wing investment for the spring and autumn airlines and Spring Country Brigade 39 management and backbone set up the company. Prior to this, Wang Zhenghua told our correspondent that the company does not intend to introduce strategic investors or financial investors before listing, but is willing to allow employees to share the dividend of the company's growth. And such a mechanism set, is also the spring and Autumn Airlines this is known as the absolute "stingy" company, the staff of an important reason for the energetic, the vast majority of in-service cadres think that in the spring and autumn work although hard, but there are bentou. As the company's top leader, Wang Zhenghua is also leading the savings: his office is in the same room as his CEO, with an area of less than 10 square meters. His clothes are 8-10 years old, travel never take first class, also do not need a car, spare cars, accommodation generally only live in the three-tier hotel. 2008 to visit London, he took a full three travel bags of food, including instant foam noodles 60 bags, mix 40 bags, mustard, chili sauce, boiled eggs. An IT chief engineer of the companyCheng's joke said: "Follow Wang's total business trip, eat is ' pig dog food ', live in the basement, the oath to carry out the end of Low-cost aviation." "This kind of" saves money to the bone ", also drive spring and Autumn airlines in various cost indicators to save. 2012, Spring Aviation's main business cost is 28% lower than other airlines, management cost is 45% lower, sales cost is 82%.