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China Eastern Airlines seeking further funds, but no intention of inviting strategic investors

21-Apr-2010 12:30 PM

China Eastern Airlines reiterated it is seeking further government and other funding, but added it is not the intention of the carrier to invite strategic investors (Wall Street Journal, 20-Apr-2010). China Eastern hopes to bring its total debt to equity ratio from the current 90% to a level more in line with competitors of approximately 70%. The carrier is expected to invest CNY11.5 billion in capital this year, CNY7.5 billion more than the previous year.