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Shanghai Airlines in call for injection of government cash

by Winny Wang

SHANGHAI Airlines is seeking a cash injection from local government to reduce its asset-liability ratio. It's not known how much it is seeking but it will be much less than the 3 billion yuan (US$438 million)...

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<p><a href="http://www.shanghaidaily.com/sp/article/2008/200812/20081217/article_384737.htm"> Shanghai Airlines in call for injection of government cash </a> by -- SHANGHAI Airlines is seeking a cash injection from local government to reduce its asset-liability ratio. It's not known how much it is seeking but it will be much less than the 3 billion yuan (US$438 million)... </p>