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First bailout not enough - China Eastern seeks another USD1.5 billion in government handouts


Asia’s weakest airline, China Eastern Airlines, is reportedly seeking another massive government bailout – just weeks after a multi-million dollar package was agreed by Beijing, as predicted by The Monthly. China Eastern’s debt-to-asset ratio as at 30-Sep-08 had reached over 98%. [662 words]

Unlock the following content in this report:


  • Changes at the top
  • International passengers continue to avoid China Eastern

Graphs and data:

  • China Eastern Airlines scheduled aircraft deliveries:2008 (remainder) to 2012
  • China Eastern passenger numbers vs cargo volume growth (% change year-on-year): Dec-07 to Nov-08
  • China Eastern domestic vs international passenger numbers growth % change year-on-year: Dec-07 to Nov-08
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