Chapter 190: Chapter 190

The conference room, all the directors of Celestial Aviation had already gathered, waiting for the arrival of the new chairman.

Overnight, Celestial Aviation was acquired by 41% by Lin Fan, making him the largest shareholder and the new chairman and CEO, while the former chairman quietly stepped down.

The directors were very surprised by this.

They all tried to contact the former chairman to inquire about the reason, but the response was that the former chairman voluntarily sold the shares.

Lin Fan’s appointment as chairman was in line with the company’s rules, without any issues.

As for the reason behind the former chairman’s exit, no one knew.

Regarding Lin Fan, everyone heard he was a young man, but they knew nothing about such a young person emerging from Yun City.

Suddenly, the directors began to worry about the future of Celestial Aviation.

Celestial Aviation was founded single-handedly by the former chairman, and under his leadership, it became a top private airline with a market value of 50 billion, thanks to his strong leadership.

It can be said that the former chairman was the stabilizing force of Celestial Aviation.

Now that stabilizing force is gone, Celestial Aviation has changed hands!

It’s no wonder the directors are worried.

Can this young man Lin Fan lead Celestial Aviation well, is this a good beginning or a bad beginning?

No one had much confidence.

Some even pessimistically thought this might be the beginning of Celestial Aviation’s decline.

Currently, the news of Celestial Aviation’s change of ownership has not been made public, but once it is, the stock price is likely to drop!

This is the most pressing issue for the directors, after all, it’s the most practical issue, concerning the shrinkage of their wealth.

"I don’t change, why did the old chairman quit after all?"

"Could it be the old chairman sensed something amiss and left early?"

"Impossible, Celestial Aviation was still profitable last year, there shouldn’t be any upheaval!"

"Who exactly is this young man?"

All of a sudden, the directors were filled with doubt and uncertainty.

In the somewhat heavy atmosphere, Lin Fan entered the conference room with Zhao Jiayi.

Seeing Lin Fan in plain attire, the directors even thought he was an intern handling odd jobs.

"Little Zhao, hasn’t the chairman arrived yet?" Someone asked.

"Kid, come over and change my cup of coffee, this one’s cold." A fat middle-aged man said to Lin Fan.

Zhao Jiayi, sweating, said: "Let me introduce, Lin Fan, the new chairman of Celestial Aviation."

Everyone was stunned.

They heard Lin Fan was young, but didn’t expect him to be this young!

He looked about 20 years old, which was completely unexpected, my God, 20 years old and already chairman of Celestial Aviation!

The middle-aged man nearly fell over, cold sweat streaming down.

This is the new chairman!

Just now he asked the chairman to help change coffee, the middle-aged man quickly stood up and bowed in apology: "Sorry, Chairman, I was rude earlier."

He felt a bit nervous, surely he hadn’t offended the chairman, right? He certainly didn’t want to offend the chairman.

Lin Fan sat at the head of the table, smiled and said: "It’s okay, have a seat, you must be Director Wang Cai?"

The fat uncle was a bit surprised: "Chairman, you—you know me?"

Lin Fan said: "I’ve seen the information on everyone present, I recognize everyone."

The system gathered company information, including shareholder and director personal data, after reading the data stream, Lin Fan naturally understood clearly.

Upon hearing this, the directors began to look at Lin Fan in a different light, this young chairman had done his homework in advance, which was rather attentive.

But Lin Fan was too young after all, younger than they imagined, everyone was still unsure about Lin Fan’s capabilities.

Such an unknown young person, can he really lead Celestial Aviation well?

"Chairman, forgive my directness, everyone is very worried about the company’s future, can you tell us the reason you acquired Celestial Aviation? What happened to the former chairman?" An elderly man with gray hair asked.

Lin Fan took a look, this person was Li Hongting, the second-largest shareholder of Celestial Aviation, holding 13 percent.

As the second-largest shareholder, his voice carried substantial weight, and his standing in the company was also respected.

The questions from everyone, Li Hongting had the most qualification to present them as a representative, upon his speaking, the directors nodded in agreement, looking at Lin Fan.

Lin Fan thought to himself, so these people weren’t very convinced by him.

The acquisition of Celestial Aviation was done by the system, he certainly couldn’t reveal the truth.

"The transaction details between me and the former chairman are not convenient to disclose. I can only tell everyone, I acquired Celestial Aviation because I am optimistic about the company’s prospects and have confidence to make it better." Lin Fan calmly said.

Li Hongting chuckled: "Chairman, please be more practical, where does your confidence come from? Everyone only sees your youth, really not very reassuring, we believe the market will react similarly, everyone is worried once the news is announced, their stocks will shrink."

Lin Fan smiled and said: "According to the data I obtained, the company’s net profit last year was nearly 10 billion, which looks good, but it’s undeniable that growth rate fell by 5 percent compared to the previous year, and this year’s first-quarter net profit continues to decline year-on-year, with revenue growth consistently weak for two years. The urgent need for the company is to increase operating income and expand market share."

The directors remained silent.

Lin Fan’s remarks pointed directly to the crux, which was precisely the crisis Celestial Aviation faced!

This was a headache even for the former chairman.

Lin Fan, so young, yet upon taking charge, had already diagnosed the company’s issues, quite impressive.

In fact, Lin Fan’s conclusions all came from the information provided by the system, he took over this company, understanding management was certainly crucial.

Li Hongting said: "The chairman is quite right, what can the chairman do about it?"

Lin Fan said: "This time acquiring Celestial Aviation, I’ve brought over 10 billion in funds, I plan to use this money to purchase more aircraft, expand the fleet size, thereby increasing operating income, while also boosting investment in technology development, Celestial Aviation’s future is not just about simple transportation, but to become a top notch Technology Company!"

Lin Fan’s remarks were resounding.

The mere mention of the 10 billion in cash already excited everyone.

For a company, what’s most important? Of course, it’s capital.

Capital, it’s the lifeblood of a company.

Now it’s steady, once Lin Fan’s plan is announced, no fear of market instability!

What does the stock market love? Telling stories, painting big pictures, when the story is convincing, stocks surge.

Besides, Lin Fan wasn’t just telling stories, but making substantial investments!

Li Hongting repeatedly said three good words, showing his excitement.

The directors all nodded, each very excited.

The previous disregard and concern for Lin Fan had completely vanished, replaced by a feeling of joy.

Seeing this, Lin Fan smiled slightly: "I plan to rename the company Mortal Airlines, my goal is to build Mortal Group into a trillion-dollar business empire in the future, first set a small goal, in the short term raise the market value to 100 billion!"

With this statement, everyone present was moved!

The chairman was indeed bold!

Celestial Aviation currently has a market value of only 50 billion, yet Lin Fan wants to raise it to a trillion! Such ambition cannot be underestimated, such vision cannot be called short-sighted.

Only one word could describe it.

Li Hongting, however, was a bit skeptical, having a goal was good, but this was too exaggerated, does Lin Fan have this capability, wasn’t it unrealistic and overreaching?