China Eastern Airlines To Issue $1.7B In Private Shares

aircraft
Credit: Boeing
China Eastern Airlines will issue 2.5 billion privates shares to its parent China Eastern Air Holdings, in a bid to raise CNY10.8 billion ($1.67 billion) and improve the company’s financial stability. The move comes as China’s second-largest airline forecasts a loss between CNY9.8 billion and CNY12...

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