Ailing China Southern to get 2b yuan injection

Another government handout may not do much to help a beleaguered China Southern as capital injection is a doubled-edged sword for airlines, industry analysts say.

In yet another capital boost into China Southern, which received 3 billion yuan (HK$3.6 billion) in 2009 and a further 1.5 billion in 2010, the Guangzhou-based carrier is to announce the third round of government subsidy today.

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