China Southern Airlines set to receive $4.4 billion investment

China Southern Airlines is looking to receive 30 billion yuan ($4.4 billion) of funding from three investors, the firm has said in a statement. The investors are said to be the Guangdong Hengjian Investment Holding Corporation, the Guangzhou Urban Construction Investment Group and the Shenzhen Penghang Equity Investment Fund. Each party will inject 10 billion yuan into the airline. The cash injection is said to be in a bid to significantly improve the company’s debt-to-asset ratio, generate funds for its growth and help modernise its decision-making mechanisms. The move is said to be part of the country’s efforts to diversify