Latest news for Air China (OTC:AICAF) Stock

Air China is based in Beijing. It is one of the largest state-owned airlines and the flag carrier in China. The group operated a fleet of 905 aircraft as of 2023 and carried more than 115 million passengers in prepandemic 2019. It runs a spoke-and-hub model under which it gathers and distributes passengers from air hubs such as Beijing, Chengdu, and Shanghai.

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Airbus Reveals Massive New Orders In China

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Air China Ltd

Air China

<ul>
	<li>Airbus SE&nbsp;(OTC:<a class="ticker" href="https://www.benzinga.com/stock/EADSY#OTC">EADSY</a>) has&nbsp;<a class="editor-rtfLink" href="https://www.airbus.com/en/newsroom/press-releases/2022-07-airbus-awarded-new-orders-in-china" style="background-image:initial; background-position:initial; background-size:initial; background-repeat:initial; background-attachment:initial; background-origin:initial; background-clip:initial; margin-top:0pt; margin-bottom:0pt; color:#4a6ee0" target="_blank">won an order for 292 A320 Family aircraft from several Chinese airlines</a>, indicating the positive recovery momentum and prosperous outlook for the Chinese aviation market.</li>
	<li>The Chinese airlines involved are&nbsp;Air China, Ltd.&nbsp;(OTC:<a class="ticker" href="https://www.benzinga.com/stock/AICAF#OTC">AICAF</a>),&nbsp;China Eastern Airlines Corp. Ltd.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CEA#NYSE">CEA</a>),&nbsp;China Southern Airlines Co. Ltd.(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ZNH#NYSE">ZNH</a>), and Shenzhen Airlines.</li>
	<li>These orders will enter the backlog after relevant criteria are met.</li>
	<li>The total number of Airbus aircraft in service with Chinese operators was over 2,070 as of May 2022.</li>
	<li>Price Action:&nbsp;EADSY shares traded higher by 3.52% at $24.88 on the last check Friday.</li>
	<li>Photo Via Company</li>
</ul>

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