Airline

China Eastern raises $691 million in perpetual debt financing from its controlling shareholder

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China Eastern raises $691 million in perpetual debt financing from its controlling shareholder

China Eastern Airlines has raised $691 million in perpetual debt financing from its majority shareholder, China Eastern Airlines Group, to improve its capital structure and enhance financial stability. The financing, which carries an annual interest rate of 2.20%, aims to lower the airline's asset-...

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