China Express Redirects Funds To Comac C909 Acquisitions

China Express C909
Credit: ImagineChina/Alamy
SINGAPORE—China Express Airlines is reallocating proceeds from a CNY2.4 billion ($357 million) capital raise completed in 2022 to support its revised fleet acquisition plans. A Shenzhen Stock Exchange filing outlines how it will now purchase Airbus A320neos and Comac C909s. The airline had...
Chen Chuanren

Chen Chuanren is the Southeast Asia and China Editor for Aviation Week's Air Transport World magazine and the Asia-Pacific Defense Correspondent for Aviation Week.

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