China Southern Airlines Improves to 23rd-Largest Airline in the World; Air Transport World Magazine Ranking; Only Chinese Airline Listed.

Business & Travel Editors

WASHINGTON--(BUSINESS WIRE)--Dec. 1, 2000

China Southern Airlines (NYSE:ZNH) (HKSE:1055), the largest airline in the People's Republic of China, has been ranked as the 23rd-largest airline in the world, according to Air Transport World Magazine.

China Southern Airlines is the only Chinese airline and one of only five Asian-based airlines to be included in the magazine's international tabulation.

"Our goal is to be the No. 1 airline, and this important recognition of China Southern Airlines and our rapidly growing and improved services is a testament to the dedication of our more than 17,000 employees," said Wang Chang Shun, president, China Southern Airlines.

Air Transport World Magazine's ranking is based upon passengers flown from January to August 2000 and is available in the publication's December 2000 issue and online at www.atwonline.com.

Air Transport World is the airline industry's business publication, providing news, statistics and in-depth analysis of issues of concern to airline managers. ATW's experienced aviation journalists report from around the world, and ATW statistics are a unique view of vital industry parameters of business activity and profitability.

Ranked No. 1 in passengers carried in China for the past 20 years, China Southern Airlines (www.cs-air.com/en) connects more than 80 cities around the globe. Major business and vacation destinations served in China include Beijing, Chengdu, Guangzhou, Guilin, Hong Kong, Kunming, Shanghai, Shenzhen and Wuhan; international service includes Amsterdam, Bangkok, Hanoi, Ho Chi Minh City, Kuala Lumpur, Jakarta, Los Angeles, Osaka, Penang, Phnom Penh, Seoul and Singapore.