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China Southern bailout paves way for others


China Southern Airlines’ parent, China Southern Air Holding Co, received confirmation on 26-Nov-08 of a fresh funding deal from the Ministry of Finance. It is approximately one year since the airline first appealed for a government cash injection to help it lower its debt ratio, to improve its competitiveness. [541 words]

Unlock the following content in this report:


  • Chairman moves across to China Eastern, Hainan branch shut down
  • Passenger traffic recovery stalling, cargo keeps falling

Graphs and data:

  • China Southern Airlines passenger numbers vs cargo volume growth (% change year-on-year): Dec-07 to Nov-08
  • China Southern Airlines domestic vs international passenger numbers Growth (% change year-on-year): Dec-07 to Nov-08
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