Air China proposes to issue debt financing instruments

By Marisa Wong

Madison, Wis., April 2 - Air China Ltd. is proposing to issue debt financing instruments with maturities of up to 15 years, according to a company announcement.

Proceeds will be used for meeting operations demands, adjusting debt structure, replenishing working capital and funding capital investments.

The proposed issuance is subject to shareholders' approval at an upcoming general meeting.

The airline is based in Beijing.

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