Air China Limited (601111.SS)
| Previous close | 7.34 |
| Open | 7.32 |
| Bid | 7.30 x 0 |
| Ask | 7.31 x 0 |
| Day's range | 7.28 - 7.39 |
| 52-week range | 6.81 - 9.60 |
| Volume | |
| Avg. volume | 58,327,174 |
| Market cap | 101.609B |
| Beta (5Y monthly) | 0.68 |
| PE ratio (TTM) | 730.00 |
| EPS (TTM) | N/A |
| Earnings date | N/A |
| Forward dividend & yield | N/A (N/A) |
| Ex-dividend date | 16 Jul 2020 |
| 1y target est | N/A |
- Reuters
Boeing restarts new plane deliveries to China
Boeing has restarted wide-body jet deliveries to China that were halted in recent weeks due to a Chinese regulatory review which also stalled new narrow-body deliveries by the U.S. planemaker, according to flight tracking data and two sources. All Boeing deliveries to China are now set to resume, a source told Reuters. New Boeing deliveries to China have been off and on since 2019 after two fatal crashes of MAX 8 jets and amid intensifying tensions over issues ranging from technology to national security between Washington and Beijing.
- Zacks
3 Beaten-Down Transportation Stocks That Could be Winners in 2024
We expect stocks like KNOT Offshore Partners (KNOP), Air China (AIRYY) and Alstom (ALSMY) to perform well in 2024, unlike 2023.
- Reuters
Air China plans up to $842 million share placement to buy planes, boost capital
Air China plans to raise up to 6.0 billion yuan ($842 million) in a private share sale on the Shanghai Stock Exchange to expand its fleet and replenish working capital, it said on Friday. The flagship carrier is aiming to sell up to 854.7 million shares, equivalent to 30% of its existing capital, to its controlling shareholder China National Aviation Holding Corporation Limited, it said in a statement to the Shanghai exchange. Air China will use 4.2 billion yuan of the proceeds to fund the purchase of 17 airplanes, with the remaining 1.8 billion yuan used to boost its working capital, according to the filing.
