UPDATE – On the day of its Annual General Meeting in Paris, Air France-KLM announced its long-awaited rights issue. The airline group plans to issue 1.928 million new shares and raise €2.256 billion in fresh capital, of which €400 million will come from French...
The first production aircraft of the COMAC C919 has made its maiden flight on May 14. The aircraft, painted white with China Eastern Airlines on the fuselage, performed a three hour, two minutes test flight from and to Shanghai Pudong, the Chinese airframer reported...
The Board of Directors of China Eastern Airlines has approved the non-public issuance of shares to raise RMB 15 billion, of which two-thirds will be used to finance the purchase of 38 new aircraft. The issuance of no more than 5.6 million shares was approved on May...
Air China, China Eastern, and China Southern Airlines all reported deepening losses for the first quarter of the year. With many cities and regions in strict lockdowns, the Big Three were confronted with a significant drop in traffic. Although restrictions continue,...
China’s three biggest airlines have all reported continued and often even deepening losses for 2021. Air China, China Eastern Airlines, and China Southern Airlines continued to suffer from the country’s strict zero-tolerance Covid policy. As the year progressed,...
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