Air China (CA, Beijing Capital) has received final approval from the China Securities Regulatory Commission to issue 3.04 billion A-shares through a private placement to its controlling shareholder, China National Aviation Holding, and its subsidiary, China National Aviation Capital Holding. The transaction aims to raise CNY20 billion yuan (USD2.9 billion) for debt repayment and working capital. The airline has 12 months from March 9 to complete the placement. The Shanghai Stock Exchange approved the application on February 9, 2026.