The carrier will issue shares to a maximum of 10 investors to raise around 7 billion yuan which it will then use to buy more aircraft and six other projects including pilot training and engine maintenance.
Not only does the airliner want to expand its network, it also wants to develop further in the aviation world through acquisitions. “With the acquisitions, the airline will be able to expand the routes, strengthen development in aviation maintenance, flight training and other services,” the airline said in a statement on the Shanghai stock exchange.
