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 ...

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