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China Eastern Airlines Corporation Limited (CEA)

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23.21+0.28 (+1.22%)
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  • UATP to Offer Pay in 4 With PayPal for Airfare Purchases Across its Airline Partners
    PR Newswire

    UATP to Offer Pay in 4 With PayPal for Airfare Purchases Across its Airline Partners

    UATP announced today it is broadening its work with PayPal to include Pay in 4 as an option for airfare purchased via UATP Merchant Airlines. With Pay in 4 from PayPal, customers pay for their purchases in four interest-free payments and merchants get paid up front.*

  • Air France to boost China Eastern venture after share issue
    Reuters

    Air France to boost China Eastern venture after share issue

    PARIS (Reuters) -Air France-KLM will expand its partnership with China Eastern Airlines, as the Chinese carrier contributes to a 1 billion-euro ($1.2 billion) share issue heavily backed by the French government, the airline group said on Monday. The French state will cover as much as two-thirds of a 988 million-euro capital increase by Air France-KLM, more than doubling its stake to nearly 30%, while 8.8% shareholder China Eastern invests up to 168 million euros to maintain or slightly increase its stake, subject to a 10% agreed cap. The share issue, which may rise to 1.14 billion euros with an increase option, is part of a 4 billion-euro recapitalisation announced last week - the latest move by a major airline group to shore up finances after more than a year of COVID-19 travel shutdowns and deep losses for the sector.

  • Air France-KLM gets EU approval for $4.7 billion in state aid
    MarketWatch

    Air France-KLM gets EU approval for $4.7 billion in state aid

    The European Commission has approved a €4 billion ($4.7 billion) recapitalization of Air France-KLM that could see the French state double its stake in the carrier, which has been hammered by the unprecedented collapse in global travel during the COVID-19 pandemic. France, which already holds a 14.3% stake in Air France-KLM, will convert €3 billion in loans it gave to the airline last year into hybrid debt and take part in a planned additional capital raise for up to €1 billion, the airline said on Tuesday. As a result, the French government’s shareholding could rise to 30%, making it Air France-KLM’s single largest investor, French finance minister Bruno Le Maire told France Inter radio on Tuesday morning.