China Express Airlines reallocates 2.4bn yuan fundraising

China Express Airlines has reallocated portions of the 2.41 billion yuan it raised from a private placement, reducing its A320 aircraft acquisition from four to two planes.

The company terminated its 487 million yuan project to purchase 14 spare aircraft engines, redirecting these funds along with 438 million yuan from the reduced A320 order toward acquiring five C909 series aircraft instead.