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Published on Tuesday, April 13, 2021

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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