Soros-Backed Chinese Airline Hangs Tough

Upstart Hainan Airlines is pushing ahead with expansion plans despite a daunting 8% fuel hike for Chinese carriers

These are certainly not the best times for an upstart Chinese airline to be spreading its wings worldwide. With the price of oil pushing $140 a barrel, carriers around the globe are cutting back on the frequency of some flights, cutting others altogether, and imposing new fees on passengers (BusinessWeek, 5/29/08).

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