Chinese carriers are struggling with the financial strain imposed by declining domestic demand and surging fuel costs and have turned to new financing in an effort to reduce the burden.
Chinese carriers are struggling with the financial strain imposed by declining domestic demand and surging fuel costs and have turned to new financing in an effort to reduce the burden. In order to replenish working capital and alleviate debt, Hainan Airlines announced it will circulate CNY2.7 billion ($393.5 million) in corporate bonds while China Southern Airlines plans to circulate CNY8 billion worth of commercial paper and CNY1.5 billion in medium-term notes to increase cash flow. Air ...
Subscribe to Access this Entire Article
"Chinese carriers look for new financing as market deteriorates" 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.
