Air China proposes to offer debt financing instruments

By Marisa Wong

Madison, Wis., April 1 – Air China Ltd. announced it plans to issue debt financing instruments.

The instruments will have maturities of no more than 15 years.

Proceeds will be used for the company’s operations, to adjust its debt structure, to replenish working capital and for 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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