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Express News | China Eastern Airlines Says It Receives 450 Mln Yuan in Credit From Bank of Communications for a-Share Buyback
China Eastern Airlines Corporation (600115.SH): received loan support for share repurchase funds for A-shares.
On December 13, Gelonghui reported that China Eastern Airlines Corporation (600115.SH) announced its active response and full utilization of the relevant regulatory support policy for Share Buyback. The company applied for a buyback loan from the Shanghai branch of Bank Of Communications. Recently, the Shanghai branch of Bank Of Communications issued a "Commitment Letter for Share Buyback Loan", promising to provide loan support for this buyback, with a loan amount of 0.45 billion yuan, specifically for the company's share buyback in the A-share market. Based on the above changes, the funding source for this buyback has changed from "company's own funds" to "company's own funds and loans from Financial Institutions".
Hong Kong stocks are experiencing fluctuations | The Aviation/airlines Industry continues its recent upward trend with Bullish Signals emerging continuously. Airlines' profitability is expected to continue to recover.
The Aviation/airlines Industry continues to rise; as of the time of writing, MEILAN AIRPORT (00357) is up 3.06%, at 9.42 Hong Kong dollars; China Southern Airlines (01055) is up 2.15%, at 4.27 Hong Kong dollars; Air China Limited (00753) is up 2.06%, at 5.45 Hong Kong dollars.
Airlines: 2025 Positive Outlook Overshadowed By Supply Disruption
The Aviation Sector has risen over 10% in three Trading days: a turning point in supply and demand is emerging, could a prosperity cycle begin in 2025?
In fact, based on historical experience, the 'recovery' of performance and valuation in the Aviation/airlines Industry this time is not unfounded.
Multiple bullish factors are driving the recovery of the aviation industry, with Air China Limited rising nearly 8%.
① The aviation/airlines industry has strengthened recently. What news has driven this trend? ② Why is air china limited leading the rise?
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