Financial Markets
Real Estate
Local listed Company
Overseas-listed Company
Foreign Company
Industrial Parks

Company - Domestic
 Search News  Or
Air China expects RMB 1.05-bln injection from parent co

Apr. 20, 2012 (China Knowledge) - Air China Ltd<601111><0753>, the largest carrier in the country by market value, last night announced that its parent company China National Aviation Corp is injecting RMB 1.05 billion or US$166.6 million into the company.

Last August, Shanghai and Hong Kong-listed Air China said it would receive RMB 1 billion from CNAC to fund its stake in Cathay Pacific Airways Ltd<0293>, Hong Kong's largest air carrier.

Air China currently holds a 29.99% stake in Cathay Pacific Airways.

In addition, the Chinese airline last night announced plans to raise funds via a private placement without disclosing details.

Shares of Air China suspended today and have fallen 10.8% so far this year in Hong Kong, sources reported.

The carrier targets 72.77 million passenger throughputs for 2012, and its cargo and mail turnover is expected to reach 6.03 billion ton-kilometers this year.

Add this     
Copyright © "2015"

Send feedback or comments to:

For more news, financial weekly reports, business guides to China, Market Research Reports and other premium information, subscribe to China Knowledge today

To access our page on Bloomberg, type CKFI (GO)

 Our Professional Services


 News Archive
About Us | CSR | Media Center | E-Newsletter | E-Store | Contact Us | Feedback | Sitemap | Privacy Policy | Terms of Use  

           Copyright © 2014 China Knowledge Online. All Rights Reserved