Air China Come into the Market

Last Friday, Air China Ltd which is the largest aircraft company planed to sell 800 million dollars count as RMB in Class A shares. Air China will collect money for new aircrafts or to develop the Operation Center in Beijing.
Air China announced that, they will use the money to expand the collection of aircrafts, which includes 20 A330-200, 15 Boeing 787 and 10 Boeing 737-800 aircraft. More than this Air China will invest the Beijing Capital Airport’s rebuild project, which needs about 7.45 million dollars.Air China would apply to come into the market on March. If they got approved Air China would be the first company that allows to issue this kind of stock since Securities Regulatory Commission suspend this on April, 2005.

As the largest recognized Airline Company, Air China plans to collect money form the stock to enlarge its business. It’s a big action for a huge company that own by state.