China Southern Airlines 737-800. By Rob Finlayson The Chinese government will inject about CNY2 billion ($315 million) into China Southern Airlines (CZ) for its fleet expansion, according to an industry insider. It is expected to reduce the carrier’s debt ratio, which was 70.88% at the end of 2011. The Guangzhou-based carrier suspended trading Tuesday as “the parent company plans to make government capital injection to the carrier,” CZ said in a statement, without ...

Subscribe to Access this Entire Article

"China Southern receives third capital injection for fleet expansion; will lease 18 aircraft from ALC" 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.

Already registered? here.