A Southern Airlines [0.00 0.00%] said today that the Ministry of Finance issued to the China Southern Group, in 2008 the central state-owned capital operation budget of 3.0 billion, while China Southern Group is considering this sum into the air in the South. At the same time, Eastern Airlines [0.00 0.00%] said that the major shareholder of China Eastern Airlines Group, the country is to apply for state-owned capital operation budget. Shares of the two companies since the suspension today.
Southern Airlines said the China Southern Group, received the Ministry of Finance issued the "Ministry of Finance issued on the China Southern Airlines Group, in 2008 the central state-owned capital operation budget (funds) notice." According to the notice issued to the China Southern Group of the Ministry of Finance in 2008 the central state-owned capital operation budget of 3.0 billion, the China Southern Group, to increase funding for state capital to deal with.
At present, China Southern Group is considering a sum would be injected into this Southern Airlines, China Southern Airlines are in the planning of non-public offering of stock, and within 10 working days to the relevant departments to carry out policy advice and verification program.
At the same time, Eastern Airlines, said the holding company by China Eastern Airlines Group was informed that the inquiry, China Eastern Airlines Group, the country is to apply for state-owned capital operation budget of the issues involved in relevant laws and regulations and more sectors, China Eastern Group is actively contact and Communication is still in the bidding process. In addition, China Eastern Airlines Group, China Eastern Airlines is planning to reduce the rate of assets and liabilities of the scheme, we estimate that the arrangement will have a significant impact on Eastern Airlines.
The two companies said that the matter because there are still uncertainties as to safeguard the interests of investors and avoid a significant impact on the company's share price, the application of the two company's shares since the suspension today. During the suspension period, the company will publish a weekly bulletin progress of the case.
The Eastern Airlines, if the shareholder can be injected, is under a "timely rain." CITIC Ka Jian voted to accept the Securities aviation analyst Li Lei Times reporter said, as the fourth quarter is traditionally the low season air transport, China Eastern is expected in the fourth quarter profits more difficult. It is understood that, as of the end of Sept, China Eastern's net assets per share is only 0.1086 yuan, assets and liabilities have been as high as the rate of 98.49 percent.
A few days ago against Eastern Airlines-Aviation Oil's 4.7 billion hedge Fukui, China Eastern Airlines today said the announcement, the company's hedging in 2008 is expected to account for the whole year's fuel consumption of 35.9%, 2008 October 31 Japan, China Aviation Oil's hedging contracts estimated fair value of the loss of about 1,830,000,000 yuan, and hedging contracts not yet have any actual cash loss.
Southern Airlines said the China Southern Group, received the Ministry of Finance issued the "Ministry of Finance issued on the China Southern Airlines Group, in 2008 the central state-owned capital operation budget (funds) notice." According to the notice issued to the China Southern Group of the Ministry of Finance in 2008 the central state-owned capital operation budget of 3.0 billion, the China Southern Group, to increase funding for state capital to deal with.
At present, China Southern Group is considering a sum would be injected into this Southern Airlines, China Southern Airlines are in the planning of non-public offering of stock, and within 10 working days to the relevant departments to carry out policy advice and verification program.
At the same time, Eastern Airlines, said the holding company by China Eastern Airlines Group was informed that the inquiry, China Eastern Airlines Group, the country is to apply for state-owned capital operation budget of the issues involved in relevant laws and regulations and more sectors, China Eastern Group is actively contact and Communication is still in the bidding process. In addition, China Eastern Airlines Group, China Eastern Airlines is planning to reduce the rate of assets and liabilities of the scheme, we estimate that the arrangement will have a significant impact on Eastern Airlines.
The two companies said that the matter because there are still uncertainties as to safeguard the interests of investors and avoid a significant impact on the company's share price, the application of the two company's shares since the suspension today. During the suspension period, the company will publish a weekly bulletin progress of the case.
The Eastern Airlines, if the shareholder can be injected, is under a "timely rain." CITIC Ka Jian voted to accept the Securities aviation analyst Li Lei Times reporter said, as the fourth quarter is traditionally the low season air transport, China Eastern is expected in the fourth quarter profits more difficult. It is understood that, as of the end of Sept, China Eastern's net assets per share is only 0.1086 yuan, assets and liabilities have been as high as the rate of 98.49 percent.
A few days ago against Eastern Airlines-Aviation Oil's 4.7 billion hedge Fukui, China Eastern Airlines today said the announcement, the company's hedging in 2008 is expected to account for the whole year's fuel consumption of 35.9%, 2008 October 31 Japan, China Aviation Oil's hedging contracts estimated fair value of the loss of about 1,830,000,000 yuan, and hedging contracts not yet have any actual cash loss.
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