The Chinese government injected an additional CNY4 billion ($584.5 million) into China Eastern Airlines on top of the CNY3 billion provided last month in an effort to help the carrier work through its financial difficulties. The Shanghai-based airline plans to sell nonpublic shares to its parent China Eastern Air Holding Co. in order to reach the CNY7 billion total (ATWOnline, Dec. 11, 2008). The holding company's stake in CEA will rise to 74.6% from 59.7%. The carrier expects to reduce its ...

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