Chinese Eastern Airlines is aiming to take advantage of the large Air France-KLM share issue by buying up additional shares.
Some 186 million euros worth of new shares are being placed on the market with Air France-KLM hoping to raise up to 1.1 billion euros.
The French government and China Eastern Airlines have already pledged to buy up to 778 million euros, with 651 million euros coming France.
The French State’s stake in the company will likely reach 29.9 percent. For the Chinese company, the number is significantly should rise from 8.8 percent to almost 10 percent.
The European Commission recently agreed to up to 4 billion euros in extra aid from Paris to save Air France while Brussels emphasised that KLM is not eligible for financial help.
China Eastern Airlines has been a codeshare partner with Air France since 2000.
