Shanghai Airlines seeks govt help
05-02-2009
Shanghai Airlines says it's in talks for an emergency government capital injection as the mainland's airline industry struggles through the economic crisis. But a spokesman for the company, Xu Junmin, said the amount had not yet been finalised. Shanghai Airlines had total debts of more than 13-billion yuan at the end of September last year. The Shanghai Securities News said the carrier was likely to receive between one and two billion yuan in government aid.
