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Air carriers want more cash

Business | Airlines and airports
2009-3-7

DOMESTIC carriers have called for more government cash to help the aviation industry survive the current financial crisis. The industry lost 28 billion yuan (US$4 billion) last year when it was hit heavily by the...

Appointment signals airline shake-up

Business | Airlines and airports
2008-12-13

CHINA Southern Airlines Co Chairman Liu Shaoyong will take the helm of China Eastern Airlines Corp, sources told reporters yesterday. China Southern held a meeting yesterday morning to confirm the decision, a person...

Offer of a state bailout to buy planes and repay debt

Business | Airlines and airports
2008-11-27

CHINA Southern Airlines Co said its state-owned parent will get 3 billion yuan (US$439 million) from the government, paving the way for a capital injection that may allow the carrier to repay debts and buy new planes. ...

Airline shares surge on newsof government aid package

Business | Airlines and airports
2008-11-18

SHARES in China's top three airlines surged yesterday after media reports said that their parent groups are expected to receive government cash injections to counter growing costs and slack demand. China Southern...

China plans to lower fuel prices to help ailing airlines

Business | Airlines and airports
2008-11-13

CHINA plans to help its unprofitable airlines by lowering domestic fuel prices before the end of this year after oil prices tumbled 60 percent. The National Development and Reform Commission, the country's top...

Stake buy to tap airport's future

Business | Airlines and airports
2008-10-30

CHINA Southern Air Holding Co said yesterday that it will invest more than 10 billion yuan (US$1.5 billion) in the next three to five years to help develop airport facilities in northeastern China's Liaoning Province. ...

Airline expands

Business | Airlines and airports
2008-10-23

CHINA Southern Airlines Co, Asia's largest carrier by passenger numbers, will add 18 new routes next week as the country's travel demand recovers following the end of curbs imposed during the Olympics. The new...

Airline debt sale

Business | Airlines and airports
2008-10-7

CHINA Southern Airlines Co, the nation's largest carrier, plans to sell 2 billion yuan (US$292 million) of one-year debt to fund operations and repay loans. The airline will issue the commercial paper next Monday....

China holiday flights jump 15%

Business | Airlines and airports
2008-10-7

CHINA Southern Airlines Co and the nation's other carriers flew 15 percent more passengers during last week's national holidays after the Beijing Olympics and natural disasters curbed travel earlier in the year. ...

China Southern soars with fivefold rise in H1 earnings

Business | Airlines and airports
2008-8-19

CHINA Southern Airlines Co, Asia's largest carrier by passenger numbers, boosted first-half profit fivefold as a stronger yuan outweighed rising fuel prices and disruptions caused by snowstorms and an earthquake. ...