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BIZCHINA> Center
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China Eastern, China Southern parents get funds
(Agencies)
Updated: 2008-11-17 10:24 The parent companies of China Eastern Airlines and China Southern Airlines will each receive a 3 billion yuan ($440 million) capital injection from the government, according to sources.
As a result, China's Eastern's debt-to-equity ratio will fall to 94.7 percent from more than 98 percent, while China Southern's ratio will drop to 80.5 percent from 83 percent, added sources. (For more biz stories, please visit Industries)
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