Rochester, NY 8/7/2009 9:38:15 AM
After Hours - China Southern Airlines Co. Ltd. ZNH, Forecast China Airlines Merger
China Southern Airlines Co. Ltd. ZNH
China Eastern Airlines Corp. and Shanghai Airlines Co., Weighs airline merger between the two state-owned carriers.
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The Chinese government is treating the turnaround of its state airlines as an urgent matter amid the global recession and marks a step toward China's long-term goal of creating a globally competitive aviation sector dominated by a few big carriers.
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