Jul 11, 2018 05:35 PM

Quick Take: China Eastern to Raise $2.2 Billion for New Planes

Photo: VCG
Photo: VCG

The state-owned China Eastern Airlines Corp. Ltd. plans to raise as much as $2.2 billion through a share sale to expand its aircraft fleet in the face of growing demand.

China Eastern will issue up to 1.6 billion shares in Shanghai and 517 million shares in Hong Kong to raise up to $2.2 billion in total, according to a company filing (link in Chinese) to the Shanghai Stock Exchange.

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