China Eastern Airlines (MU) chairman Liu Shaoyong has called on the Chinese government to make an $18 billion-$20 billion capital injection into China’s big three state-owned carriers to alleviate increasing financial pressure.
China Eastern Airlines A330-300. By Rob Finlayson China Eastern Airlines (MU) chairman Liu Shaoyong has called on the Chinese government to make an $18 billion-$20 billion capital injection into China’s big three state-owned carriers to alleviate increasing financial pressure. The debt ratio of China’s big three airlines—Shanghai-based MU, Guangzhou-based China Southern Airlines (CZ) and Beijing-based Air China (CA)—all reportedly exceed 70%. All three ...
Subscribe to Access this Entire Article
"China Eastern chairman seeks government aid for big three Chinese carriers " is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions? ATWPlus@penton.com.
