China Eastern Airlines (MU, Shanghai Hongqiao) and twenty other Chinese carriers will reportedly benefit from a CNY433 million ($70.2 million) state-backed subsidization fund intended to aide their regional operations. The Civil Aviation Administration of China (CAAC) will disburse the funds to the following airlines (10 most significant carriers listed): China Eastern Airlines (MU, Shanghai Hongqiao) - CNY110 million (USD17.2 million); China Southern Airlines (CZ, Guangzhou) - CNY98.5million (USD15.4million); Tianjin Airlines (GS, Tianjin) - CNY58.8 million (US9.2 million); Air China (CA, Beijing Capital) - CNY42.7 million (USD6.7 million); Sichuan Airlines (3U, Chengdu Shuangliu) - CNY40.0 million (USD6.3 million); Tibet Airlines (TV, Lhasa) - CNY22.3 million (USD3.5 million); Lucky Air (China) (8L, Dali) - CNY12.2 million (USD1.9 million); China United Airlines (KN, Beijing Daxing International) - CNY7.6 million (USD1.2 million); China Express Airlines (G5, Chongqing) - CNY7.2 million (USD1.1 million) and Okay Airways (BK, Tianjin) - CNY7.1 million (USD1.1 million). Payments will be disbursed before year end the CAAC said in a statement.