Financial Times FT.com

Chinese airlines seek emergency aid

By Jamil Anderlini in Beijing

Published: November 18 2008 02:00 | Last updated: November 18 2008 02:00

China Eastern Airlines and China Southern Airlines, two of the country's three largest state-run carriers, have applied for emergency government subsidies to keep them airborne in the face of rising costs and falling passenger demand.

The airlines told the Financial Times that they had applied to the government for the subsidies after industry-wide losses in the first 10 months of the year totalled Rmb4.2bn ($615m).

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