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.