On November 13 last year, a Beihang MD-82 aircraft crashed when landing at Urumqi Diwopu Airport while flying from Shenyang to Urumqi via Beijing, killing 12 people.

Prior to this, Beihang Airlines had suffered more than a dozen hijacking incidents.

Beihang University, which was already in very difficult operating conditions, finally couldn't hold on any longer and was listed as a restructuring unit by the Economic Restructuring Commission to implement a pilot project of the Restructuring Commission.

Xia Honghua's intention is very clear. He hopes to explore a market-oriented path suitable for state-owned airlines through the privatization of Beihang Airlines.

Of course, it is by no means as simple as privatizing a state-owned enterprise, and Hua Xia will never do this. Instead, it will serve as a reference for state-owned airlines through the privatization of Beihang Airlines.

How to operate better is the focus.

Of course, Beihang has become a burden. Even if it is not dealt with now, it will be merged by China Southern in a few years.

Moreover, the newly established group of the Construction Corps has shares in General Aviation, which is equivalent to holding shares in the future Beihang Airlines. Therefore, strictly speaking, there are state-owned enterprises holding shares in the new Beihang Airlines.

This is crucial because it does not completely change the nature of Beihang's business.

Yao Yuan met with Beihang's leaders to listen to the report, and Lin Wei led people to review Beihang's assets and financial situation, which is the so-called due diligence.

The chief economist of Beihang University read the report for more than an hour. It contained most of the data, but Yao Yuan did not believe it.

Then comes the issue that everyone is most concerned about—the fate of Beihang’s management.

Beihang General Manager Ji Deming already knows where he is going and he has peace of mind. However, as the general manager, he must fight for the interests of his subordinates. Otherwise, no matter where he goes in the future, no one will be willing to work with him.

Ji Deming said, "Mr. Yao, actually everyone is concerned about the future, especially the middle-level cadres. Everyone is very worried."

It spoke out what everyone felt.

General managers, deputy general managers, branch heads, and other cadres at or above the department level, no matter how Beihang changes, they will not be affected much. Beihang has changed from a state-owned enterprise to a public-private partnership, and the weight of the private sector far exceeds that of the public sector. of.

To put it bluntly, it is a private airline invested by a state-owned enterprise. There is no place for state cadres unless they are willing to give up their status as state cadres and go to sea.

Cadres below the department level are suspended.

Especially for department-level cadres, who have the largest number, there is no doubt that private companies will never want so many administrative staff. Layoffs are certain, and if they stay, it means they will lose their status as national cadres.

Ji De was obviously asking Yao Yuan, but in fact he was asking Xia Honghua.

Yao Yuan knew it well. He said, "Beihang's situation is very bad. It is certain that some departments and personnel will be streamlined. I will also tell you the truth, most of the administrative staff will be laid off."

Everyone's mood became heavy, and everyone looked ugly.

Xia Honghua said, "This is the pain that enterprises must go through when restructuring. After becoming a private enterprise, everything must follow the laws of the market, and profitability must be the criterion."

He looked at Yao Yuan and said, "Mr. Yao, please give me a buffer time and don't make a one-size-fits-all decision."

"Yes, but it won't be long. New Beihang will implement a job competition system. Everyone, including everyone here, who wants to stay, can participate in the job competition. Of course, after staying, they will naturally lose their status as state-owned enterprise cadres. However, The benefits and benefits will be better than those of state-owned airlines, I can guarantee this," Yao Yuan said.

Ji Deming thought for a while and said, "Mr. Yao, we people have devoted our youth to Beihang after all. Can we give some preference in the job competition?"

The wave of market economy has arrived, and the next wave has also appeared. The identity of state-owned enterprise cadres is actually not as important as before, especially compared with higher income.

"Fair and just." Yao Yuan smiled and shook his head, "I believe that through hard work, everyone will have a chance to stay. After all, we have rich experience."

For such a large and key airline to operate like this, it still had the nerve to tilt its policies. Xia Honghua did not give them face and said in a deep voice, "Don't ask for conditions. This matter is settled."

Ji Deming smiled helplessly.

Yao Yuan said, "In order to reassure everyone, Mr. Ji, please issue an announcement in the name of the company. No one in the pilot team or technician team will be laid off. Moreover, after the handover is completed, job competition will be held immediately, and all employees who can stay will be promoted."

Ten percent salary."

While streamlining the organization and laying off employees, we were also raising salaries, hitting and pulling, to achieve the goal of stabilizing the situation.

Ji Deming secretly admired the young boss's methods and said, "Okay, I'll tell you after the meeting."

Other matters were discussed. At the end of the meeting, Ji Deming arranged a grand welcome dinner. This time he spent a lot of money. Anyway, it soon had nothing to do with him.

In the evening, Lin Wei, who had only eaten two bowls of rice in a hurry during the dinner, dragged his exhausted body to find Yao Yuan, and He Shirley also came over.

Yao Yuan made tea for them and said, "There's no need to rush. Due diligence cannot be completed in three or two days."

He Shirley said, "The troops will arrive tomorrow, and the comprehensive due diligence will be conducted tomorrow. But Awei is worried that you will have long nights and dreams, so he will seize the time to review the accounts first."

"The situation is very bad?" Yao Yuan saw some information from Lin Wei's expression.

Lin Wei nodded and said in a deep voice, "It's worse than what they said. Last year alone, Beihang lost 300 million. Since its establishment in 1987, except for the first two years when it was profitable, the rest were all losses.

We have been able to survive until now only through financial allocations.”

"The hole is not big." Yao Yuan said.

If it's just a loss of a few hundred million, it's really nothing.

Lin Wei said, "It's outrageous. I checked the liabilities and found that the bank loans alone amounted to 700 million. I really don't know how they operate."

"Seven hundred million?" Yao Yuan was shocked, "Isn't the load rate nearly 100%?"

"Adding other liabilities, it's almost done." Lin Wei said, "However, many aircraft are still relatively new, and such liabilities are not high for airlines. The problem is that these all reflect the serious flaws in Beihang's business methods.

Problem."

Yao Yuan asked, "What do you think?"

Lin Wei said decisively, "Streamline, layoff, reform."

He Shirley said, "Beihang's administrative system is huge and bloated. To put it bluntly, 80% of these institutions and personnel can be eliminated."

Consistent with Yao Yuan's judgment, this is also the most criticized aspect of current state-owned enterprises.

"By the way, Beihang University also has an order to purchase five md-82 passenger aircraft from McDonnell Douglas in the United States, which are assembled by the Shanghai Aircraft Manufacturing Factory." Lin Wei said, "I only paid a 30% deposit."

Yao Yuan had a headache. He knew that the md series passenger aircraft would be discontinued due to failure rates and would soon disappear from the market, but he had to face such an order.
Chapter completed!