China Eastern Airlines, whose stock has been suspended from trading since Nov. 27, said yesterday that it will receive a CNY3 billion ($435.8 million) cash injection from the government, according to press reports. China Southern Airlines received a similar payout late last month (ATWOnline, Dec. 8). CEA will raise CNY2.35 billion through the issue of 652 million A shares to its state-owned parent company and an additional CNY652 million through the issue of H shares to its China Eastern ...

Subscribe to Access this Entire Article

"China Eastern to get CNY3 billion injection" 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.