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China Eastern to reduce debt ratio to 70%

25-Nov-2010 11:18 AM

China Eastern Airlines stated it is aiming to reduce its debt ratio from 92% to 70% over the next year to two years, which will bring it in line with the debt ratios at Air China and China Southern Airlines (Wenweipo.com, 24-Nov-2010). China Eastern recently held a planning seminar to establish goals and tasks for the company under the nation’s 12th five-year plan (2011 and 2015). No further details were disclosed.