Shanghai Airlines is expected to receive a CNY1 billion ($146 million) capital injection through the issuance of a nonpublic stock offering to Jinjiang International Holding, its third-largest stakeholder. The move is designed to reduce SAL's debt ratio and relieve some pressure as its financial situation worsens (ATWOnline, Feb. 6). The carrier said its debt ratio will fall 5.9 points to 85.5% as a result. Last month it warned that its 2008 loss may be double the CNY435 million reported in ...

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