Air China says it will be raising funds and some of the proceeds will go toward buying 17 domestically developed Comac C919 and ARJ21 regional airliners.
The news of the capacity boost comes on the heels of China’s “Big Three” carriers all reporting their first quarterly profits since the pandemic started.
International passenger carriage figures for Air China, China Eastern Airlines and China Southern Airlines are still down compared to pre-pandemic levels.
China’s decision to relax outbound tour group restrictions on 78 countries has prompted speculation the country's international air travel recovery has arrived.
Air China has completed the country’s first uptake of sustainable aviation fuel in a commercial flight with an Airbus A350-900 flying from Hangzhou to Beijing.
Sydney Airport (SYD) says seven Chinese airlines will operate 48 weekly services to the airport from mainland China in July, as the Chinese economy recovers.
Shandong Airlines’ financials will appear in Air China’s consolidated financials after the flag carrier increased its stake in the Jinan-based airline.