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China Eastern Airlines to boost stake in Air France-KLM
China Eastern Airlines is planning to increase its stake in Air France-KLM.
The Shanghai based airline will contribute to Air France-KLM’s €1 billion share issue. China Eastern Airlines will invest as much as €168 million to take its shareholding from 8.8% to 10%.
China Eastern Airlines first took an equity stake in Air France-KLM in 2017, and they have a long term strategic partnership which has involves codesharing and a joint venture. Both airline groups have said they will extend their partnership further.
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Editor for TravelMole North America and Asia pacific regions. Ray is a highly experienced (15+ years) skilled journalist and editor predominantly in travel, hospitality and lifestyle working with a huge number of major market-leading brands. He has also cover in-depth news, interviews and features in general business, finance, tech and geopolitical issues for a select few major news outlets and publishers.
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