Air Macau shareholders Air China, SAR approve cash injection

As anticipated, Air Macau (NX, Macau Int'l) shareholders have approved a capital increase via cash injection to mitigate the coronavirus pandemic's impact on plummeting demand, a spokesman at the carrier confirmed to the Tribuna de Macau newspaper. Air China (CA, Beijing Capital) and the Macau Special Administrative Region (SAR) government, Air Macau’s largest shareholders, reached an agreement to proceed with what will be the scheduled carrier’s third such measure since 2009. However, the...
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