China Express Airlines (G5, Chongqing) will reallocate CNY925 million yuan (USD135.7 million) from its 2022 private share placement to acquire five C909s. The carrier cut a planned four-aircraft A320 acquisition to two and transferred its implementation to wholly owned subsidiary, Yunfei Aircraft Leasing (Shanghai) Co., Ltd. It also terminated a fundraising project for 14 spare aircraft engines, which would instead be financed with self-raised funds if required.

Separately, it may use up to CNY390 million (USD57.2 million) of idle proceeds as working capital for up to 12 months.