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Air China parent considering a further USD220 million cash injection

26-Feb-2010 9:36 AM

Air China announced (26-Feb-2010) that its controlling shareholder, China National Aviation Holding Company (CNAHC), is contemplating injecting CNY1.5 billion (USD220 million) of fresh capital it has received into the airline. The company, is meanwhile, considering the arrangement in relation to potential private placements of its shares. Accordingly, Air China will suspend its shares from Hong Kong trading from today (26-Feb-2010) pending further developments, with the carrier to apply for the resumption of trading of its shares within ten business days. [more]