China Eastern Gets CNY10 Bln Credit Facility

China Eastern Airlines said on Wednesday it has received a CNY10 billion yuan (USD$1.46 billion) credit line from Bank of Communications that will help to ease operational difficulties.
Chinese airlines have suffered a sharp reversal of fortunes this year due to slumping passenger demand as fallout from the global credit crisis spreads.
Earlier this month, China Southern Airlines and China Eastern, two of the country's three biggest carriers, announced share placements with their parent firms in exchange for CNY3 billion each in cash injections that the group companies had received from the government