A China Southern Airlines plane lands at Hong Kong International Airport. The carrier last year posted a 51.4 per cent decline in net profit, on the back of higher fuel costs. Photo: Sam Tsang

Parent firm of China Southern, country’s largest airline, receives US$4 billion cash injection for overseas expansion

  • Proceeds to be used to boost carrier’s core air transport business, and in line with Belt and Road Initiative, Greater Bay Area strategy
  • Shenzhen Penghang Equity Investment Fund Partnership, Guangdong Hengjian Investment Holding and Guangzhou City Construction Investment Group to contribute 10 billion yuan each
Topic |   China Southern Airlines

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A China Southern Airlines plane lands at Hong Kong International Airport. The carrier last year posted a 51.4 per cent decline in net profit, on the back of higher fuel costs. Photo: Sam Tsang
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Eric Ng

Eric Ng

Eric joined the SCMP in 1998 after brief stints in a trading company and translation and editing roles at Dow Jones and Edinburgh Financial Publishing. He has close to 20 years of experience covering China's energy, mining and industrial materials sectors, and has recently added biotechnology to his coverage. Eric has a Masters of Business Administration degree.