Assets held for sale

12 Months Ended

Dec. 31, 2019

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Assets held for sale

35 Assets held for sale

Assets held for sale mainly represent property, plant and equipment which are planned to be sold in the next 12 months and are measured at the lower of their carrying amounts and fair values less costs to sell.

	2019 RMB million		2018 RMB million
Owned aircraft and other flight equipment		—		224

As at December 31, 2018, the carrying amount of the assets held for sale is RMB224 million, while their fair value less cost to sell is RMB238 million. The fair value on which the recoverable amount is based is categorized as a level 3 measurement.