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...
UPDATE – A day after the fatal accident with one of its Boeing 737-800s, China Eastern Airlines has grounded the type until further notice, causing significant disruptions in its flight schedule. It is unclear when the carrier will resume services with the -800....
Major state-owned Chinese carriers Air China, China Eastern Airlines, and China Southern Airlines all posted losses during the third quarter ended on 30 September, with the impact of COVID-19 taking a toll for the period when the summer travel season is traditionally...
Mitsubishi Heavy Industry announced a first flight delay for the MRJ, and that it has launched a new management structure to facilitate the transition of the MRJ program from the development phase to manufacturing phase of development. In addition to the management...
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