Mainland flag carrier Air China will begin marketing shares this week ahead of an initial public offering of stock valued at around one billion US dollars.
　　
　　Mainland flag carrier Air China will begin marketing shares this week ahead of an initial public offering of stock valued at around one billion US dollars, according to a Wall Street Journal report.
　　
　　The paper said Air China aims to sell a 30 percent stake in an offering planned for mid-December on exchanges in Hong Kong and London.
　　
　　The company would become the last of China‘s three major airlines to sell shares amid increasing competition in one of the world‘s most promising aviation markets.
　　
　　It plans to use money from the sale to expand its fleet and repay debt. Air China has 136 aircraft serving 34 international and 69 domestic destinations.