Tags: funding

China Eastern Airlines to receive fresh funding

China Eastern Airlines will receive 31 billion yuan ($4.6 billion) from four new investors as the carrier seeks to overcome the impact of the Covid-19 pandemic. China Life Investment Holding Limited, a subsidiary of the state-owned China Life Insurance, will inject 11 billion yuan into the airline, while Shanghai Jiushi Group, another state company, will […]

Avianca secures US$2bn in funding as bankruptcy battle continues

Colombian flag-carrier Avianca has lined up a $2 billion bankruptcy-loan package to finance its stay in chapter 11. The cash has been sourced from a group of investors and lenders including United Airlines and chairman Roberto Kriete personally. One of the largest airlines in South America, Avianca sought bankruptcy protection in May and has since […]