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Airlines perk up on reports of govt aid

SHANGHAI: Bolstered by a media report that two of China's leading airliners will get a cash injection from the central government, airline shares posted a sharp rally yesterday, with Air China, China Eastern Airlines, China Southern Airlines, Shanghai... ...full story at People's Daily

from People's Daily on Tue, Nov 18 2008

see also:

03 Jan 08 visit China airline stocks tumble  »  YouTube videoChina airline stocks tumble (01:41) Report Email Video | Digg Video | Embed Video: Jan. 3 - Asian airline stocks took centre stage on Thursday with a drama unfolding over a planned stake sale of China Eastern Airlines to Singapore Airlines. Air...
09 Dec 08 visit Shanghai Air soars on bailout reports  »  People's Daily Reports of a possible cash injection by the local government saw Shanghai Airlines' shares rising by 7.26 percent yesterday even as the airline denied any such plans. Media reports had earlier said the company was likely to get funds from the Shanghai...
23 Jan 08 visit Shanghai airlines forecast mixed results  »  People's Daily Two major Shanghai-based airlines released 2007 earnings previews yesterday, with China Eastern expecting a turnaround while Shanghai Airlines predicted a loss. A shares in China Eastern and Shanghai Airlines plunged to daily limits in y ...
09 Sep 08 visit Airline denies merger report  »  People's Daily China Eastern Airlines said it had no plan to merge with Shanghai Airlines, despite previous reports that the government might be considering a tie-up between the two. "We don't have a plan to merge with Shanghai Airlines because the aviation industry...
11 Dec 08 visit China Eastern, Southern to receive 3 bln yuan state cash injection  »  People's Daily Two leading Chinese carriers, China Eastern Airlines (CEA) and China Southern Airlines, announced they will get 3 billion yuan (441.2 million U.S. dollars) state bail-out respectively. CEA said in a statement filed with the Shanghai Stock Exchange...
22 Jun 09 visit China Journal Wrap: Shanghai Airlines Consolidation, U.S. Seeks Dialogue on Internet Filtering  »  China Journal Time for some airline housekeeping ahead of next year's Shanghai Expo: China Eastern Airlines is getting closer to taking over Shanghai Airlines through a proposed share swap.

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