China Eastern Airlines Corporation Limited announced that it has received CNY 15 billion in funding from China Eastern Air Holding Company Limited, AVIC Industry-Finance Holdings Co., Ltd.

On December 29, 2022, China Eastern Airlines Corporation Limited closed the transaction. The company announced that the transaction has been approved by the China Securities Regulatory Commission. The company issued 3,416,856,492 non-public shares at a price of CNY 4.39 per share for gross proceeds of CNY 14,999,999,999.88.