Hainan Airlines, based in Haikou, operates 11 of Boeing 737 MAX 8 aircraft. Photo: Handout
Hainan Airlines, based in Haikou, operates 11 of Boeing 737 MAX 8 aircraft. Photo: Handout
HNA Group

Hainan Airlines sells two Boeing 737-800 planes for US$27.5 million to raise cash, after grounding 737 MAX 8

  • Embattled Chinese aviation conglomerate HNA Group to sell two Boeing 737-800 planes
  • Deal has more to do with the group’s stretched financial condition, little to do with the grounding of Boeing 737 Max 8, analyst said

Hainan Airlines, based in Haikou, operates 11 of Boeing 737 MAX 8 aircraft. Photo: Handout
Hainan Airlines, based in Haikou, operates 11 of Boeing 737 MAX 8 aircraft. Photo: Handout
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