China Southern's parent gets 3 billion yuan govt funding

SHANGHAI: China Southern Airlines Co Ltd yesterday said its parent has received a 3 billion yuan infusion from the Ministry of Finance (MoF) to augment its capital position.

China Southern Airlines Holdings, the State-owned parent company, is likely to transfer the funds to China Southern Airlines.

The airline is also considering a private share sale, subject to further policy consultations with and review by regulators in the next 10 working days, an industry sider said.