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皇冠体育app Eastern gets $1.46b credit line

(Agencies)
Updated: 2009-01-20 11:34

皇冠体育app Eastern Airlines Corp received a 10 billion yuan ($1.46 billion) credit line from Shanghai Pudong Development Bank Co, Xinhua News Agency said, citing the airline.

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This follows the 10 billion yuan line of credit 皇冠体育app Eastern obtained from Bank of Communications Co in December, the news agency reported.

皇冠体育app is helping its unprofitable airlines by cutting taxes, lowering domestic oil prices and offering financial aid. The parent company of 皇冠体育app Eastern got a 3 billion-yuan capital injection from the government last month.