Air Macau acknowledges shareholder capital injection

Air China adds wet-leased narrowbody capacity

US designates COMAC, Air China's parent as military users

The United States Department of Defence (DOD) has added COMAC (Shanghai Pudong), Grand China Air (CN, Haikou), and China National Aviation Holding to its list of Chinese firms sanctioned under the National Defense Authorization Act for their alleged close ties to China's military and the Communist party.

"The Department is determined to highlight and counter the People’s Republic of China’s (PRC) Military-Civil Fusion development strategy, which supports the modernization goals of the People’s Liberation Army (PLA) by ensuring its access to advanced technologies and expertise acquired and developed by even those PRC companies, universities, and research programs that appear to be civilian entities," the administration said in a statement.

The DOD sanctioned China's state-owned aerospace conglomerate AVIC in its initial tranche in June 2020.

While the National Defense Authorization Act does not directly prescribe consequences for the listed companies, in 2020, President Donald Trump issued an executive order banning any US investment in any of the sanctioned companies.

The DOD list is separate from the Military End-User (MEU) designation...

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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 spokesman declined to disclose the amounts involved, adding that such details are likely to be published in the bimonthly Official Gazette of the Macau SAR, the next edition of which will appear on December 16.

Neither has Air China, Air Macau’s main shareholder with a stake of 66.9%, announced the issue on the Shanghai Stock Exchange, and Macau SAR, which owns 21.5% of the airline, has not released a statement.

A source familiar with the process told Tribuna de Macau that the increase could amount to more than MOP2 billion patacas (USD250 million), coming from the two principal shareholders...