Home / Business / Civil Aviation Tools: Save | Print | E-mail | Most Read | Comment
New airline takes off
Adjust font size:

HNA Group, China's fourth largest airline group, yesterday launched a new carrier, Grand China Air, to consolidate its businesses.

 

The new airline's maiden flight leaves Beijing for Dalian today. The carrier is expected to be a new platform for HNA to raise funds for further expansion.

 

The company, registered in Haikou, Hainan Province, is based at Beijing Capital International Airport and will operate trunk-line services and international flights from the capital city.

 

"HNA will try to become a leading, modern airline group, with Grand China Air as the core," said Chen Feng, HNA's chairman.

 

HNA is expected to inject the assets of Hainan Airlines and its three subsidiaries - Xinhua Airlines, Chang'an Airlines and Shanxi Airlines - into the new carrier, industry insiders said.

 

Grand China Air is planning to go public to fund its fleet and network expansion and Hong Kong is "a possible destination" for the listing, said Zhu Yimin, the new carrier's president.

 

"Grand China Air will be a platform for HNA to consolidate its airline business and building a base in Beijing will help transform it into an international airline group," said Li Lei, an aviation analyst with CITIC China Securities.

 

HNA began on China's southernmost island province of Hainan, which, Li said, would limit its further growth.

 

Grand China Air is 48.61 percent-owned by the Hainan provincial government, with US financier George Soros holding 18.64 percent. HNA and other investors own the remaining shares.

 

But analysts said the new airline would face huge challenges competing head-to-head with China's three largest airline groups in Beijing.

 

HNA currently operates 140 jets and 3,000 weekly flights. Apart from trunk-line services, its subsidiaries include business charter, feeder-line, low-cost flights and cargo transport.

 

(China Daily November 30, 2007)

Tools: Save | Print | E-mail | Most Read
Comment
Pet Name
Anonymous
China Archives
Related >>
- Hainan Airlines Gets New Investment to Build Grand China Air
- Grand China Air to take off next year, says parent company
Most Viewed >>

Nov. 1-2 Tianjin World Shipping (China) Summit
Nov. 7-9 Guangzhou Recycling Metals International Forum
Nov. 27-28 Beijing China-EU Summit
Dec. 12-13 Beijing China-US Strategic Economic Dialogue

- Output of Major Industrial Products
- Investment by Various Sectors
- Foreign Direct Investment by Country or Region
- National Price Index
- Value of Major Commodity Import
- Money Supply
- Exchange Rate and Foreign Exchange Reserve
- What does the China-Pakistan Free Trade Agreement cover?
- How to Set up a Foreign Capital Enterprise in China?
- How Does the VAT Works in China?
- How Much RMB or Foreign Currency Can Be Physically Carried Out of or Into China?
- What Is the Electrical Fitting in China?
主站蜘蛛池模板: 亚洲国产成AV人天堂无码| 欧美最猛性xxxxx免费| 欧美叉叉叉BBB网站| 手机在线看片你懂的| 国产青草视频免费观看97| 国产亚洲av片在线观看18女人| 亚洲美女视频网| 久久国产加勒比精品无码| 99精品视频在线观看免费| 钻胯羞辱的视频vk| 毛片免费全部无码播放| 故意短裙公车被强好爽在线播放| 国产香蕉97碰碰久久人人| 天海翼一区二区三区四区| 国产女人aaa级久久久级| 亚洲理论精品午夜电影| 中文字幕一区二区区免| 欧美人xxxx| 法国女人与动zozoz0z0| 成年免费a级毛片| 国产成人影院在线观看| 亚洲熟女乱色一区二区三区| 中文字幕天天躁日日躁狠狠躁免费| 777精品成人影院| 清纯校花被色老头糟蹋| 抱着cao才爽| 国产女人18毛片水真多18精品| 亚洲欧洲中文日韩久久av乱码| 一级做a免费视频观看网站| 野花日本免费观看高清电影8| 欧美亚洲色综久久精品国产| 大bbwbbwbbwvideos| 动漫精品一区二区3d| 久久99久久99精品| 黄网站色成年片大免费高清| 欧美人禽猛交乱配| 国产麻豆精品久久一二三| 健身私教干了好几次| 一级毛片在线观看免费| 脱裙打光屁股打红动态图| 日本理论片www视频|