China Eastern Airlines to receive $4.6 billion capital injection

BEIJING: China Eastern Airlines will receive a cash injection of 31 billion yuan ($4.60 billion) from four new investors as part of an equity diversification plan, the company said on Monday.

China Life Investment Holding Limited, a subsidiary of the state-owned China Life Insurance Co, will inject 11 billion yuan into the airline, while Shanghai Jiushi Group, another state company, will inject 10 billion yuan, according to the public filing.