Hainan Air
China’s Hainan Airlines has said its parent was considering seeking financial help from the government, playing down a local media report about an imminent cash injection.
Beijing News reported that the Hainan provincial government was considering injecting cash to the listed carrier as air traffic demand slows.
But Hainan Air, partly owned by billionaire financier George Soros, said it remained uncertain whether its parent would get financial support from the government.
In a statement, the carrier also said it had not held discussions with any potential investors on other issues that might affect its share price.
Last week, Hainan A shares, traded in Shanghai, jumped roughly 14% amid speculation the government would supply cash to the carrier.
Source: Reuters