China Eastern fraying the structure of Mainland aviation, gobbles up USD3.3 billion more debt
Asia’s weakest carrier, China Eastern Airlines, has gone further into debt and commenced the process of selling assets and deferring capital expenditure as it strives to avert financial collapse. The seriousness of the situation was underscored by this month’s emergency short-term loan of USD813 million from parent, China Eastern Air Holding Company (CEA Holding).
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