China Southern boosts capital base, as cargo volumes drop by a third
Hong Kong-listed China Southern Airlines Co Ltd has announced plans to issue CNY3 billion (USD439 million) worth of new shares for its parent, China Southern Airlines Group Corp and its wholly-owned subsidiary company, Nanlong Holdings Ltd, to top up its capital and retire debts. [508 words]
Unlock the following content in this report:
- Passenger numbers recover, cargo sinks further
Graphs and data:
- China Southern Airlines passenger number growth and cargo volume growth: Feb-08 to Jan-09
- China Southern Airlines domestic passenger number growth and international passenger number growth: Feb-08 to Jan-09
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