• Most Popular
  • Most Shared

Air China says has requested govt cash injection

Tue Mar 3, 2009 11:54pm EST

Stocks

   

BEIJING, March 4 (Reuters) - Air China (0753.HK)(601111.SS) Chairman Kong Dong said on Wednesday the airline can be profitable in 2009, after China's three major airlines all expect to report losses for 2008.

The company has submitted a request for a government cash injection and expects to get at least as much as the 3 billion yuan ($439 million) expected by rival China Southern (1055.HK), Kong told reporters on the sidelines of a meeting of the parliament's advisory body.

Kong also said the airline's revenues in the first two months of 2009 were up 2 percent from a year earlier.

($=6.84 yuan) (Reporting by Aileen Wang; Writing by Kirby Chien; Editing by Ken Wills)



More from Reuters

Photo

Microsoft loses Word patent appeal

SEATTLE (Reuters) - A U.S. court of appeals on Tuesday upheld a $290 million jury verdict against Microsoft Corp for infringing a patent held by a small Canadian software firm, and affirmed an injunction that prevents Microsoft from selling versions of its Word program which contain the offending software.

» More Top News
Guadalupe Hernandez receives an ultrasound by nurse practitioner Gail Brown during a prenatal exam at the Maternity Outreach Mobile in Phoenix, Arizona October 8, 2009. Credit: REUTERS/Joshua Lott

Health reform inches closer

Democrats are on the verge of passing landmark legislation by Christmas, with only one more hurdle remaining.  Full Article | Video 

Healthcare Reform
Investors walk at the Dubai Financial Market December 21, 2009. REUTERS/Mosab Omar
Analysis:

Dubai, it's time to get creative

Scrambling to rebuild its image after a $26 billion debt bombshell, Dubai needs to raise cash without the PR nightmare of raising taxes.  Full Article 

Global Markets