Taiwanese airlines negotiate bailout loans with banks – report
Air Macau shareholders Air China and SAR approve cash injection
10.12.2020 – 15:39 UTC
As expected, shareholders of Air Macau (NX, Macau Int’l) approved a capital increase by injection of cash to mitigate the impact of the coronavirus pandemic on falling demand, a spokesperson confirmed. from the transporter to the Tribuna newspaper in Macau.
Air China (California, Beijing Capital) and the Macao Special Administrative Region (SAR) government, Air Macao’s major shareholders, have reached an agreement to implement what will be the scheduled carrier’s third such measure. since 2009.
However, the spokesperson declined to disclose the amounts involved, adding that these details will likely be published in the bi-monthly Macao SAR Official Journal, the next edition of which will be out on December 16.
Air China, Air Macau’s largest shareholder with a 66.9% stake, also did not announce the issue on the Shanghai Stock Exchange, and Macau SAR, which owns 21.5% of the company. air, did not release a statement.
A source close to the process told Tribuna de Macau that the increase could amount to more than MOP 2 billion patacas ($ 250 million), from the two main shareholders …
Air Macau shareholders consider cash injection – report
29.11.2020 – 23:22 UTC
Air Macau (NX, Macau Int’l) will hold a general meeting of its shareholders on December 7 to deliberate on a capital increase by injection of cash, sources told Tribuna newspaper in Macau.
This would be the scheduled carrier’s third such move since 2009 and comes against the backdrop of a first-half net loss of Pataca 539.5 million ($ 67.6 million) this year due to of the impact of the coronavirus pandemic.
Despite being the major shareholder of Air Macau with a 66.9% stake, Air China (CA, Beijing Capital) is unlikely to bear the costs of the liquidity injection as it has not yet issued a statement. disclosure on the stock exchange about the possible capital increase, the newspaper speculated. .
This means that the government of Macao Special Administrative Region in China, which owns 21.5% of the airline, is likely to continue the financial strengthening with other stakeholders.
The shareholders present at the next Extraordinary General Meeting will discuss an “increase in the share capital of the company by means of new cash inflows” and amendments …