"Injection has indeed really, after Liu Zong (China Southern general manager of the renowned Group) has said several times over the issue." November 17, China Southern Group spokesman Shao such a strong response to market rumors.
Secretary of the Board of Trustees of Eastern Airlines Luo Zhuping Although there is no positive response, but a person close to the high-level China Eastern to our reporter said: "The company has specialized in the leading body of a person responsible for this, at present, the country to apply for funding of the report of the State Council may have to Level. "
Our reporter on November 17 was also obtained from sources confirmed that the three major airlines for a capital injection plan has been released, China Eastern and China Southern will each receive 3.0 billion capital injection of the country; Air China may be About 100 billion capital injection.
As of November 17 evening 8:00, the SASAC is not yet for the injection of a clear-cut stand. However, there are rumors the news that the three major airlines access to the country, solely in batches SASAC injection of the central rate of the first step, followed by more enterprises will be similar "treatment."
Air was the first of the three major national funding
Exclusive newspaper was informed on November 14, the Civil Aviation Authority of China held an internal meeting, the participants discussed the country to apply for funding support related issues.
According to the relevant people, at this meeting, that at least three major airlines 30,000,000,000 yuan capital injection, which is every need to inject an average of about 10,000,000,000 funds.
A state-owned airlines have explained that due to the establishment of the three aircraft, registered capital of less bank loans have increased, leading to high rates of corporate assets and liabilities, financial costs rising. Together with the state-owned enterprises in the past did not dividends to 30 cents a serious debt. If only to the accumulation of operating profit, the fundamental solutions to practical problems.
"Like personal loans to buy property in their own lack of funds, the proportion of low down payment, the more they have to rely on bank loans, resulting in interest and finance charges at a high level.'s Three major aircraft like its own capital funds." Airlines have likened the image above.
Not only that, long-term study of China's civil aviation policy experts believe that Mao Feng, from the beginning of this year's snowstorm, the earthquake in the year, as well as during the Olympic Games out of the visa restriction on the period and rising fuel prices, airlines make a variety of factors stacking Increases in operating costs further.
The Civil Aviation Authority of China from mid-November, the first three quarters of this year, the National Civil Aviation airline 4.3 billion loss. China Eastern is only one of the first three quarters of the loss of 2,292,000,000 yuan. Open the data also showed that currently the three major state-owned airlines, Air China's lowest rates of assets and liabilities, of approximately 60% more. As of the third quarter of this year, China Eastern Airlines assets and liabilities as high as 98% of assets and liabilities of China Southern reached a rate of 83%.
A professional who preferred to remain anonymous said: "If countries do not sell, next year China Eastern balance rate may reach 100%, meaning that there will be no capital (net assets), while China Southern next year's rate of assets and liabilities Will also be possible to reach 100%. Civil Aviation of China next year will also import more than 200 aircraft, there is no money to buy. "
It is understood that in the earlier introduction of the national "4 trillion of investment measures", which has made clear that there were 30 billion yuan in the western route, construction of feeder airports. The Civil Aviation University of China Air Transport Economic Research Institute said Jin Li, "If the funding can be worked out, how many will be able to make up for the weak foundation of the airline."
It is estimated that the success of this capital injection from China Eastern's assets and liabilities will be the rate dropped to 94.7 percent, China Southern to balance rate dropped to 80.5 percent, fell 3.3 and 2.5 percentage points.
Mao Feng believes that the national capital injection by the first of the three major routes to apply, and then handed over to the State Council for approval, the final decision on whether or not the use of financial allocation, and then by the State and enterprises to negotiate and sign the relevant agreement.
"The agreement should set out how the national capital injection in order to reflect the way? Capital is Kuogu way or the other way? Proportion of state-owned shares should account for how much? If you need to repay interest, should also indicate when the reimbursement, how to Repay? "Mao Feng stressed.
November 17, the long-term research and financial policies of Economics of Beijing University, Dr. Chen Haowu that should also be concerned about the source of funds injected into whether funds from the budget, as well as to inject liquidity into the corporate ownership structure.
With regard to the three major national routes and sources of funds into the model, believe that the national capital injection is likely to adopt the budget funds into the financial model would be the first to enter China Eastern, China Southern Airlines Group, parent, and so on, and then by the parent group to take additional or other Way into the market shares in the company.
Secretary of the Board of Trustees of Eastern Airlines Luo Zhuping Although there is no positive response, but a person close to the high-level China Eastern to our reporter said: "The company has specialized in the leading body of a person responsible for this, at present, the country to apply for funding of the report of the State Council may have to Level. "
Our reporter on November 17 was also obtained from sources confirmed that the three major airlines for a capital injection plan has been released, China Eastern and China Southern will each receive 3.0 billion capital injection of the country; Air China may be About 100 billion capital injection.
As of November 17 evening 8:00, the SASAC is not yet for the injection of a clear-cut stand. However, there are rumors the news that the three major airlines access to the country, solely in batches SASAC injection of the central rate of the first step, followed by more enterprises will be similar "treatment."
Air was the first of the three major national funding
Exclusive newspaper was informed on November 14, the Civil Aviation Authority of China held an internal meeting, the participants discussed the country to apply for funding support related issues.
According to the relevant people, at this meeting, that at least three major airlines 30,000,000,000 yuan capital injection, which is every need to inject an average of about 10,000,000,000 funds.
A state-owned airlines have explained that due to the establishment of the three aircraft, registered capital of less bank loans have increased, leading to high rates of corporate assets and liabilities, financial costs rising. Together with the state-owned enterprises in the past did not dividends to 30 cents a serious debt. If only to the accumulation of operating profit, the fundamental solutions to practical problems.
"Like personal loans to buy property in their own lack of funds, the proportion of low down payment, the more they have to rely on bank loans, resulting in interest and finance charges at a high level.'s Three major aircraft like its own capital funds." Airlines have likened the image above.
Not only that, long-term study of China's civil aviation policy experts believe that Mao Feng, from the beginning of this year's snowstorm, the earthquake in the year, as well as during the Olympic Games out of the visa restriction on the period and rising fuel prices, airlines make a variety of factors stacking Increases in operating costs further.
The Civil Aviation Authority of China from mid-November, the first three quarters of this year, the National Civil Aviation airline 4.3 billion loss. China Eastern is only one of the first three quarters of the loss of 2,292,000,000 yuan. Open the data also showed that currently the three major state-owned airlines, Air China's lowest rates of assets and liabilities, of approximately 60% more. As of the third quarter of this year, China Eastern Airlines assets and liabilities as high as 98% of assets and liabilities of China Southern reached a rate of 83%.
A professional who preferred to remain anonymous said: "If countries do not sell, next year China Eastern balance rate may reach 100%, meaning that there will be no capital (net assets), while China Southern next year's rate of assets and liabilities Will also be possible to reach 100%. Civil Aviation of China next year will also import more than 200 aircraft, there is no money to buy. "
It is understood that in the earlier introduction of the national "4 trillion of investment measures", which has made clear that there were 30 billion yuan in the western route, construction of feeder airports. The Civil Aviation University of China Air Transport Economic Research Institute said Jin Li, "If the funding can be worked out, how many will be able to make up for the weak foundation of the airline."
It is estimated that the success of this capital injection from China Eastern's assets and liabilities will be the rate dropped to 94.7 percent, China Southern to balance rate dropped to 80.5 percent, fell 3.3 and 2.5 percentage points.
Mao Feng believes that the national capital injection by the first of the three major routes to apply, and then handed over to the State Council for approval, the final decision on whether or not the use of financial allocation, and then by the State and enterprises to negotiate and sign the relevant agreement.
"The agreement should set out how the national capital injection in order to reflect the way? Capital is Kuogu way or the other way? Proportion of state-owned shares should account for how much? If you need to repay interest, should also indicate when the reimbursement, how to Repay? "Mao Feng stressed.
November 17, the long-term research and financial policies of Economics of Beijing University, Dr. Chen Haowu that should also be concerned about the source of funds injected into whether funds from the budget, as well as to inject liquidity into the corporate ownership structure.
With regard to the three major national routes and sources of funds into the model, believe that the national capital injection is likely to adopt the budget funds into the financial model would be the first to enter China Eastern, China Southern Airlines Group, parent, and so on, and then by the parent group to take additional or other Way into the market shares in the company.
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