AIR CHINA, who operates a daily Boeing 747 service between Heathrow and Beijing, has gained regulatory approval to list its shares on the Hong Kong and London (LSE) Stock Exchanges, with trading scheduled to commence on 15 December. The company, China”s largest international carrier, intends to raise an estimated $1bn in the dual listings. The number of overseas airlines on the LSE is very limited typically ANA joining in the early nineties and subsequently de-listing. In another move the China Aviation Supplies Import & Export Group Corporation (CASGC) has announced its decision to acquire 23 Airbus A320 series aircraft, a mixture of A319 and A320, these said to be for the use of Air China.
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