Hong Kong Airlines may have to ground its HK$5 billion initial public offering because of a consolidation plan within the HNA Group, which is designed to clear the way for Hainan Airlines' eight billion yuan (HK$9.86 billion) A-share placement.Friday, 13 April, 2012, 12:00am
HNA Group is close to acquiring an equity stake in Hungarian flag carrier Malev, which would mark the first European investment for the mainland airline.
'The company is about to get a stake in the national carrier of Hungary,' said a person familiar with the situation.15 Jul 2011 - 12:00am
HNA Group, the parent of Hong Kong Airlines and Hainan Airlines, will bring European hotel chain NH Hotels to the mainland this year after investing Euro431.6 million (HK$4.75 billion) in the Madrid-listed company.7 Jun 2011 - 12:00am
For some small operators, a merger is perhaps the best survival tactic in the cutthroat aviation industry.
Hong Kong's two small money-losing airlines, which have a common shareholder, are synchronising routes and integrating management and sales operations to seek elusive profitability, according to company sources.2 Feb 2008 - 12:00am
Hainan Airlines, the mainland's fourth-biggest commercial carrier by fleet size, plans to add 20 to 30 planes in each of the five years after the group's restructuring, said Chen Feng, chairman of the airline's parent, HNA Group.20 Oct 2007 - 12:00am
Hainan Airlines, the mainland carrier backed by United States billionaire George Soros, said first-half net profit would surge eightfold because of the strong yuan and a fall in domestic jet fuel prices.18 Jul 2007 - 12:00am
The Hong Kong government yesterday approved the sale of a 45 per cent stake in Hong Kong Express Airways to HNA Group, the state-owned parent of Hainan Airlines, for an undisclosed sum.
Earlier this year, HNA Group bought an identical interest in Hong Kong's other small airline, CR Airways.4 Aug 2006 - 12:00am
HNA Group and its subsidiary Hainan Airlines plan to set up a new airline, Grand China Express Air, to operate routes to minor cities for low-end passengers as a part of the group's restructuring plan.1 Jun 2006 - 12:00am
China Rich Airways, the Hong Kong-based carrier that began operations last year, plans to lease three more Boeing 737-800s from its state-owned shareholder, HNA Group, by the end of the year to add eight more routes to China and Vietnam, sources say.
The carrier plans to fly to Tianjin and Changsha three times a week by the end of August.24 May 2006 - 12:00am