Air Macau shareholders mull cash injection - report

Air Macau (NX, Macau Int'l) will stage a general assembly of its shareholders on December 7 to deliberate on a capital increase through a cash injection, sources have told the Tribuna de Macau newspaper. It would be the scheduled carrier’s third such measure since 2009 and comes against the backdrop of a MOP539.5 million pataca (USD67.6 million) first-half net loss this year due to the impact of the coronavirus pandemic. Despite being Air Macau’s main shareholder with a stake of 66.9%, Air China...
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