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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