My Account Menu

CAPA Login

Register to trial CAPA Membership!

China Eastern Airlines secures three credit lines, totalling USD7.7 billion


China Eastern Airlines, Asia’s weakest carrier, has finalised billions in fresh capital and debt in a bid to starve off bankruptcy. Such has been the pace of the deal-making, the carrier’s CFO, Luo Weide, has announced his resignation, citing health reasons. His replacement is Wu Yonglian, who inherits an airline whose accounts are severely damanaged. [895 words]

Unlock the following content in this report:


  • Divesting some non-core business units: To sell Wuhan unit to China Southern
  • China Cargo Airlines sells six MD11F aircraft
  • To launch 11 'express air routes'

Graphs and data:

  • China Eastern Airlines restructuring programme: 2009
  • China Eastern Airlines destination map: Apr-2009
Please login to continue reading or find out more about CAPA Membership below.
This content is exclusively for CAPA Membership Subscribers

CAPA Membership gives you the latest aviation news and alerts, access to CAPA articles, reports, and our leading aviation data with optional premium add-ons.