Hit hard by the continuous decline of the domestic market, China Southern Airlines parent China Southern Group and China Eastern Airlines parent China Eastern Group are expecting their requests for government aid to be approved. An industry source requesting anonymity told ATWOnline that Beijing is expected to inject CNY3 billion ($439 million) into each airline, allowing China Eastern to reduce its net debt ratio to 94.7% from 98% and China Southern to reduce its net debt ratio to 80.5% ...

Subscribe to Access this Entire Article

"Printer-friendly" 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.