UPDATE 1 bottes blanches -China Eastern group may get 2 bln yuan aid -paper
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UPDATE 1-China Eastern group may get 2 bln yuan aid -paperPublished: 09 Mar 2009 21:16:12 PST (Adds company official’s denial in para 2; background) SHANGHAI, March 10 — The parent of China EasternAirlines <0670.HK> <600115.SS> is likely to receive a furthercapital injection of 2 billion yuan ($292 million) from thegovernment, official media quoted its deputy general manager assaying. Another official at the parent group, however, rejected thereport. China Eastern Air Holding Co Vice President Liu Jiangbotold Reuters on Tuesday that the airline had not receivedadditional government aid and denied media reports on the matter. The official Shanghai Securities News on Tuesday quoted ChinaEastern Air Holding deputy general manager Li Jun as saying thatthe injection, which would bring total government aid to 9billion yuan, still required approval from the authorities. It also quoted Luo Zhuping, the listed company’s boardsecretary, as saying there was no timetable for receivingadditional aid. After years of robust growth, China’s airlines were hit hardlast year by a slump in passenger traffic due to the slowingeconomy, while volatile fuel prices also hammered profits. China’s three big carriers, which also include China SouthernAirlines <600029.SS> <1055.HK> and Air China <601111.SS><0753.HK>, have all warned of losses for 2008. The China Southern Airlines group has received 3 billion yuanin aid from the government, while Air China Chairman Kong Dongsaid last week that his airline had also asked the government fora cash injection of at least 3 billion yuan. Liu Shaoyong, China Eastern’s chairman, said last month thatdomestic air traffic would remain soft in the first half of thisyear but would start to see some growth in the second half, whileadding that the carrier hoped to receive additional governmentaid. ($1=6.839 Yuan) 外匯買賣 キャバクラ バイト 深圳装修 搅拌机 ペニーオークション 风机 lithium battery refractories castable 原油