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Financing deal
By Ding Yining |
February 24, 2011, Thursday
|
Print Edition
Print Edition
CHINA Eastern Airline has signed a strategic agreement with China Development Bank to get financing of 50 billion yuan (US$7.6 billion) in the next five years.
China Eastern will use the funds to purchase and lease aircraft as well as build warehouses and other facilities during the 12th Five-Year Plan period from this year.
According to the deal, 20 billion yuan will be given in the form of medium-term notes, short-term bonds or corporate debts, with 30 billion yuan in loans.
China Eastern will use the funds to purchase and lease aircraft as well as build warehouses and other facilities during the 12th Five-Year Plan period from this year.
According to the deal, 20 billion yuan will be given in the form of medium-term notes, short-term bonds or corporate debts, with 30 billion yuan in loans.
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