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China Eastern Airlines to receive $4.6 billion capital injection

Christian Fernsby |
China Eastern Airlines will receive a cash injection of 31 billion yuan ($4.60 billion) from four new investors as part of an equity diversification plan, the company said on Monday.

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China Life Investment Holding Limited, a subsidiary of the state owned China Life Insurance Co, will inject 11 billion yuan into the airline, while Shanghai Jiushi Group, another state company, will inject 10 billion yuan, according to the public filing.

China Reform Holdings Corporation and China Tourism Group, both state owned entities, will inject 5 billion yuan each.

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