China Southern Airlines and China Development Bank have signed a CNY60 billion (USD9 billion) financial cooperation agreement for the 12th Five-Year Plan ending 2015 (Yicai, 20-Jun-2011). The funds will be used for aircraft lease financing, working capital loans, aircraft and related equipment leasing, mergers and acquisitions. During the nation’s 11th Five-Year Plan ended 2010, the bank provided China Southern with CNY7.3 billion (USD1.1 billion) in financial support.
China Southern and China Development Bank sign USD9bn credit
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Malaysia Airlines update Part 2: China drives resumption of capacity and network growth
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