China Southern bailout paves way for others
China Southern Airlines’ parent, China Southern Air Holding Co, received confirmation on 26-Nov-08 of a fresh funding deal from the Ministry of Finance. It is approximately one year since the airline first appealed for a government cash injection to help it lower its debt ratio, to improve its competitiveness. [541 words]
Unlock the following content in this report:
- Chairman moves across to China Eastern, Hainan branch shut down
- Passenger traffic recovery stalling, cargo keeps falling
Graphs and data:
- China Southern Airlines passenger numbers vs cargo volume growth (% change year-on-year): Dec-07 to Nov-08
- China Southern Airlines domestic vs international passenger numbers Growth (% change year-on-year): Dec-07 to Nov-08
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