Trading of China Eastern Airlines (NYSE: CEA, SHA: 600115, HKG: 0670) was suspended Thursday on news that the government would inject further RMB3-4 billion to facilitate its merger with its local rival Shanghai Airlines (SHA: 600591). Its shares gained the daily 10% limit a day earlier. The carrier received a RMB3 billion bailout from the government a fortnight ago to partially compensate its RMB1.8 billion fuel hedging losses. It was also reported the airline was appealing for RMB10 billion from the government.
$1 = RMB6.8