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China’s largest airline IPO


CEA was the exclusive valuer of the Air China Limited’s restructuring and overseas IPO project in 2014. Air China completed the dual-listings on December 15, 2004 in London and Hong Kong, respectively, raising about USD 1 billion by issuing new shares. Besides, CEA was also the appraiser of China’s other four largest airliners: China Southern Airlines, China Eastern Airlines, and Hainan Airlines. CEA undertook the largest number of airliner projects, with the richest experience in appraising airliners.

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