Hainan Airlines said it would retain its management rights in Urumqi Air after the transaction. Photo: Alamy Stock Photo

HNA’s Hainan Airlines sells 40 per cent stake in unprofitable local carrier to Urumqi government

  • The sale is part of a major asset-restructuring programme involving Hainan Airlines and its embattled parent HNA Group
  • Hainan Airlines said the transaction would be of long-term benefit to the carrier based in Urumqi, capital of the Xinjiang autonomous region
Topic |   HNA Group

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Hainan Airlines said it would retain its management rights in Urumqi Air after the transaction. Photo: Alamy Stock Photo
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