Rooftop carrier serial number lookup age4/21/2023 Its asset-liability ratio has grown from 65.55% at the end of 2019, to 70.50% at the end of 2020, and 77.93% at the end of 2021. The pandemic has hit Chinese airlines hard, and Air China admitted that its loss last year widened by 15.2% year-on-year to CNY166 billion (USD24.6 billion). On July 1, Airbus said it had secured a bulk order for 292 A320 Family jets from four Chinese carriers - Air China, China Eastern, China Southern Airlines (CZ, Guangzhou), and Shenzhen Airlines (ZH, Shenzhen). The move follows a similar announcement from China Eastern Airlines (MU, Shanghai Hongqiao) in May, which also said it would raise up to CNY15 billion in a non-public offering and use part of the proceeds to acquire 38 aircraft. It did not specify the exact models of the aircraft being targeted, but according to the ch-aviation fleets advanced module it already operates eighteen A350-900 with another twelve on order forty-seven A320-200Ns with another ten to be delivered, and seven ARJ21-700s with another twenty-eight on order. Of the total to be raised, CNY10.8 billion (USD1.6 billion) will be used to buy nine A350s, four A320neo, and nine ARJ21 regional jets, while the remaining CNY4.2 billion (USD620 million) will be used to replenish its working capital. It will issue 4,357,444,555 A-shares to 35 designated investors including state-run controlling shareholder China National Aviation Holding, which currently holds a 53.46% stake in the carrier and is expected to buy CNY5.5 billion (USD815 million) worth of the new shares. Air China (CA, Beijing Capital) plans to raise up to CNY15 billion yuan (USD2.22 billion) in a private offering to fund the acquisition of 22 Airbus and COMAC aircraft, it said in a series of disclosures to the Shanghai Stock Exchange on August 3.
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