capital injection
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CHINA : Grandstar Cargo to get capital injection
Sinotrans Air Transportation Development, the air freight forwarding arm of China’s majority state-owned shipping and logistics giant, Sinotrans said it would give up the rights of first refusal on a 24 per cent stake in Grandstar Cargo and will jointly inject US$30 million into the latter with other shareholders.
01 February 2012
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Grandstar Cargo to get capital injection
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07 November 2011
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EUROPE & CIS: Cargolux receives US$100M capital injection
Cargolux’s shareholders have agreed to inject US$200 million in the company, with the first $100 million to take place before the end of this year. The Luxembourg-based airline said the recapitalisation became necessary due to losses incurred this…
01 December 2009
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Hainan Air to get $440 million bailout
Hainan Airlines is set to get a capital injection of US$440 million from its parent company and the Hainan provincial government by selling them new shares, according to Dow Jones. Hainan Airlines' debt-to-asset ratio will fall to around 81 per ce…
22 May 2009
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China Eastern looks to another hand-out from Beijing
China Eastern Airlines (CEA) is expected to receive a further CNY2 billion (US$294 million) capital injection from the Chinese government to help the struggling carrier survive. This follows an earlier CNY7 billion hand-out from Beijing at t…
15 May 2009
