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China Southern Airlines announces the approval of its plan by the shareholders

Beijing, China - Concerning the purchase of China Northern Airlines' assets as well as Xinjiang Airlines ones

The Asian carrier, China Southern Airlines, announced shareholders approved its plan concerning the purchase of some state parent carriers' assets. The airline, the biggest in China, said in November it would paid about USD 108m in cash and take out a short term loan of USD 1bn to buy China Northern Airlines' assets as well as Xinjiang Airlines ones in a plan aimed to restructure the fragmented Chinese...

AVIONEWS - World Aeronautical Press Agency - 111269
Rome, Italy, 01/04/2005 13:59
AVIONEWS - World Aeronautical Press Agency

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