Air China is eying a mainland listing in Shanghai in a bid to become one of the first mainland blue chips to do so since new share issuances were suspended last April. The flagship carrier said shareholders had approved a plan to offer up to US$2.7 billion in stocks to finance 20 new Airbus A330 aircraft, 15 Boeing B787s and 10 Boeing 737s. Chinese regulators gave approval in principle last month, but the sale will have to wait until authorities re-initiate public offerings on domestic exchanges. No date has been set. Air China set the nominal value of the new shares at US$0.20, but said the exact price would be determined by market conditions at the time of the sale.