Air China (601111.SH) plans to conduct a private placement to its controlling shareholder, raising up to 20 billion yuan for debt repayment and supplementing working capital.

CHINA NATIONAL AVIATION (601111.SH) disclosed the plan to issue A shares to specific entities in 2025, with the issuance objects being the controlling shareholder China Aviation Group Co., Ltd. and its wholly-owned subsidiary China Aviation Capital Holdings Co., Ltd. The issuance objects intend to subscribe to all the A shares issued by the company in cash. The issuance price is 6.57 yuan per share, with a total fundraising amount not exceeding RMB 20 billion (inclusive). The net proceeds from the fundraising after deducting relevant issuance expenses are intended to be used to repay debts and supplement working capital.