China's Sichuan Airlines to get $1.7b capital infusion from shareholders

China's Sichuan Airlines to get $1.7b capital infusion from shareholders

FILE PHOTO: A Sichuan Airlines Airbus A330-300 cargo plane awaits loading at Vaclav Havel Airport in Prague, Czech Republic, June 6, 2018. REUTERS/David W Cerny/File Photo

China’s Sichuan Airlines will receive a capital contribution of 12 billion yuan ($1.69 billion) from its shareholders in a bid to supplement working capital and reduce financial security risks, major investor China Southern Airlines said on Friday.