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SHANGAI AIRLINES TO SELL SHARES TO FUND FLEET EXPANSION
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CHINA, The airline planned to sell 200 million shares, equivalent to 40 per cent of its paid-up capital, to fund its fleet expansion and take on rivals, including China Eastern Airlines. A part of the proceeds will also be used to build maintenance bases and develop a business in electronic commerce and sales. The airline plans to increase its fleet to 34 planes from the current 15. Most of them will...
AVIONEWS - World Aeronautical Press Agency - 4547
AVIONEWS - World Aeronautical Press Agency
AVIONEWS - World Aeronautical Press Agency