For Air China, the purpose of these acquisitions is to modernize its fleet, optimize operational efficiency, and reduce its carbon footprint (the neo model consumes about 20% less fuel).

In addition, it strengthens the airline's presence on domestic and regional (medium-haul) routes to meet the expected growth in Chinese air traffic.

The transaction has been approved by the Board of Directors. It remains subject to validation by the General Meeting of shareholders and approval by Chinese state authorities.

Air China will finance this transaction through its own funds, commercial bank loans, and other financing methods.

The Chinese group expects that this transaction will have no significant impact on its cash flow or business operations.

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