China Eastern Chairman in call for help

Victoria
By Victoria March 27, 2012 13:22

China Eastern Chairman in call for help

As the debt ratios of China’s big three airlines moves towards the 80% mark, China Eastern Airlines chairman Liu Shaoyong has called on the Central government to make up to a $20bn capital injection into China’s big three state-owned carriers to alleviate increasing financial pressures. It is thought that this could come via taxation reductions and incentives rather than straight capital injection. Either way something must be done and it most likely will be as it was in 2008.

Victoria
By Victoria March 27, 2012 13:22
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