China Eastern Airlines has completed the early redemption of a total of CNY3.3 billion ($510 million) in bonds issued in 2014.
The airline says in a stock exchange statement that, following an earlier repurchase of CNY1.72 billion in April, the outstanding principal amount of CNY1.58 billon was redeemed on 6 May. As a result, the bonds will now be cancelled.
The guaranteed bond tranche was due to mature in March 2017, and carried a coupon rate of 4.8%.
Source: Cirium Dashboard
Boeing has completed expansion work at its Tianjin composites joint venture, allowing it to increase its production capacity of commercial aviation composite parts.
An air quality event aboard a QantasLink Boeing 717-200 saw the aircraft land in Hobart with both flight crew affected by hypoxia-like symptoms.
Malaysian aviation authorities have warned operators about the dangers and issues of operating near or over conflict zones.
