All Hainan Airlines articles
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NewsHainan Airlines unit Urumqi Air set to buy 40 Comac ARJ21-700s
Hainan Airlines unit Urumqi Airlines is set to acquire 40 Comac ARJ21-700 regional jets in a deal worth $1.5 billion.
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NewsUS and China to allow more direct flights between the two countries
The US government has agreed to allow Chinese airlines to increase the number of direct flights between the two countries more than three years after the beginning of the global Covid-19 crisis, with the government of China apparently reciprocating.
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NewsAir China, Hainan Airlines plan to expand schedules to USA
Air China and Hainan Airlines plan to expand their schedules between the USA and China after that country’s government relaxed Covid-19-driven entry requirements.
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NewsHainan seeks to sell low-use A350s and lease others
Chinese carrier Hainan Airlines is to sell a pair of Airbus A350-900s, and offer another four of the type for lease. The carrier has detailed the plan in a formal tender invitation dated 2 April. It aims to divest the two A350s for sale – both delivered in late 2018 ...
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NewsHainan Airlines sharply narrows first-half losses as costs decline
Beleaguered Hainan Airlines dramatically cut its operating loss for the six months to 30 June, amid a strong uplift in revenue and a reduction in expenses.
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NewsSteep impairment costs drag troubled Hainan Airlines to record full-year loss
Troubled Hainan Airlines reported a record operating loss for the year ended 31 December, as heavy impairment costs and a steep decline in revenue punished its earnings.
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NewsHainan’s creditors seek to claw back more CNY200 billion
More than 1,500 creditors are hoping to claim more than CNY201 billion ($36 billion) from Hainan Airlines, the embattled flagship airline unit of China’s HNA Group, as a creditors’ meeting draws nearer.
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NewsCourt allows merger of 321 HNA Group-linked firms as part of restructuring efforts
A court in China has given the green light for the merger of 321 companies linked to troubled HNA Group, including its aviation assets, to speed up restructuring efforts.
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Airline BusinessHNA Group’s years of debt-fuelled acquisitions end in shambles
It may have started life as an aviation group, but by the time creditors showed up with bankruptcy filings, China’s HNA Group was a massive conglomerate with broad interests; from property to logistics; from aviation to financial services, the company had a finger in every pie.
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NewsHainan Airlines warns full-year loss could hit staggering CNY65 billion
China’s Hainan Airlines has forecast a staggering full-year net loss of between CNY58 and 65 billion ($9-10 billion), with asset impairment costs expected to account for a significant portion of its red ink.
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NewsHainan forecasts turnaround back into the black
Citing improvements in its main business operations, as well as an increase in asset disposal income, Hainan Airlines forecasts a return to profitability for 2019. In an earnings forecast the carrier states that its net profit will be between CNY450 million ($65.1 million) and 675 million for the year ...
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SAA receives first A350 and plans to introduce four
South African Airways has disclosed that it will lease another pair of Airbus A350-900s, after taking delivery of the first of two initial leased aircraft.
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Hainan Airlines third-quarter profit down 36%
Hainan Airlines saw operating profit decline 36% to CNY150 million ($21.3 million) in the third quarter.
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Hainan divests large shareholding in Tianjin Airlines
Chinese carrier Hainan Airlines is to sell a 48% stake in Tianjin Airlines to the holding firm HNA Aviation.
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Hainan Airlines first half profit down 8% as costs grow
Hainan Airlines' net profit declined 8.2% to CNY503 million ($70 million) in the first half of 2019, as costs grew faster than revenues.
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Airline Business
Cabin crew treatment damages airline equality effort
For all the chat about diversity and gender equality among airlines over the past year, there are still some pretty outdated practices on display in the industry.
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Boeing meets with Chinese carriers to discuss 737 Max return
Boeing has begun a second round of talks with some of China’s major airlines to discuss the return of the beleaguered Boeing 737 Max into commercial service.
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Hainan Airlines warned for busting guarantees limit
The China Securities Regulatory Commission (CSRC) has issued Hainan Airlines a warning about the level of guarantees it provided to subsidiaries in 2018.
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Yangtze transfers four B737s to Tianjin Bohai
Tianjin Bohai Leasing is taking over the leases on four Boeing 737s from Yangtze Leasing at a transfer price of CNY650 million ($94.5 million).
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Xie Haoming vacates Hainan Airlines chairman role again
Xie Haoming has stepped down from his position as Hainan Airlines chairman and company director for a second time, due to “job changes.”