China
        

From Chinese Media

China Southern Airlines receives $9b credit line

Updated: 2011-05-26 16:07

By Ben Yue (chinadaily.com.cn)

Twitter Facebook Myspace Yahoo! Linkedin Mixx

The Agricultural Bank of China (ABC) has granted a 60 billion yuan ($9.25 billion) credit line to China Southern Airlines to support its strategic development, New Express Daily reported on Thursday.

The two companies also decided their cooperation on yuan and foreign currencies' settlement, cash administration methods, advertising, redemption of travel points, and joint issuance of credit cards.

The report said ABC will support financial consulting to the airline and create an online payment tool for customers.

Specials

Suzhou: Heaven on Earth

Time-tested adages sing praises of Suzhou, and Michael Paul Franklin finds it's not hard to understand why on a recent visit.

The sky's the limit

Chinese airline companies are increasingly recruiting pilots and flight attendants as the industry experiences rapid expansion.

Diving into history

China's richest cultural heritage may lie in the deep, like exhibits in a giant underwater museum.

Refreshingly beautiful
V-Day parade
Revolutionary marriage