{"id":101402,"date":"2020-10-12T15:00:54","date_gmt":"2020-10-12T15:00:54","guid":{"rendered":"https:\/?p=101402"},"modified":"2020-10-12T15:00:56","modified_gmt":"2020-10-12T15:00:56","slug":"china-eastern-airlines-to-receive-4-6-billion-capital-injection","status":"publish","type":"post","link":"https:\/\/aviacionaldia.com\/en\/2020\/10\/china-eastern-airlines-to-receive-4-6-billion-capital-injection.html","title":{"rendered":"China Eastern Airlines to receive $4.6 billion capital injection."},"content":{"rendered":"\n

China Eastern Airlines <\/strong>will receive a cash injection of 31 billion yuan ($4.60 billion) from four new investors as part of an equity diversification plan, the company said on Monday.<\/p>\n\n\n\n

See also: <\/strong>American Airlines will move its operations to Beijing\u2019s new Daxing airport starting in March 2021.<\/a><\/p>\n\n\n\n

China Life Investment Holding Limited, a subsidiary of the state-owned China Life Insurance, will inject 11 billion yuan into the airline, while Shanghai Jiushi Group, another state company, will inject 10 billion yuan, according to the public filing, Reuters<\/a> reported.<\/p>\n\n\n\n

See also:<\/strong> Beijing\u2019s Daxing airport receives its 10 millionth passenger.<\/a><\/p>\n\n\n\n

China Reform Holdings Corporation and China Tourism Group, both state-owned entities, will inject 5 billion yuan each.<\/p>\n\n\n\n

The move is part of long-standing China\u2019s efforts to diversify ownership structures among its state-owned enterprises and comes at a critical time after China Eastern posted a net loss of 8.5 billion yuan in the first half due to the COVID-19 pandemic.<\/p>\n\n\n\n

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