Air China intends to raise CNY8 billion ($996.3 million) through the sale of 2.7 billion shares on the Shanghai stock exchange later this year, an airline official told reporters yesterday. The offering constitutes 28.62% of its existing share capital, the Associated Press reported. The carrier, which already has shares traded in Hong Kong, is awaiting approval from the China Securities Regulatory Commission. China International Capital Corp., CITIC Securities and Galaxy Securities ...

Subscribe to Access this Entire Article

"Other News - 06/14/2006" is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions? ATWPlus@penton.com.

Already registered? here.