Financial Times FT.com

Chinese airlines fail to lift Shanghai market

By Lindsay Whipp in Tokyo

Published: December 11 2008 05:25 | Last updated: December 11 2008 10:08

China Eastern Airlines and China Southern Airlines both rallied in trading on Thursday as their parents received government aid to help the carriers struggling in the global downturn.

China Eastern shares jumped 41.3 per cent to HK1.06 to the highest since October 22 in Hong Kong, and gained 9.9 per cent to Rmb4.32 in Shanghai, while China Southern gained 43 per cent to HK$1,33 in Hong Kong and 9.9 per cent to Rmb3.66 in Shanghai.

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