China Southern Raising $2.3B For A320s; China Eastern Gets Injection

A320neo
Credit: China Southern Airlines
China Southern Airlines is issuing CNY16 billion ($2.3 billion) in convertible bonds, primarily to purchase 11 Airbus A320neo series aircraft. The announcement comes a day after another state-owned carrier, China Eastern Airlines, received CNY31 billion in a capital injection from investors. China...

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