Articles tagged “Hainan Airlines”

Air China Looked Into Buying HNA’s Airlines

Air China Looked Into Buying HNA’s Airlines

Bloomberg

Hainan Airlines is in many ways HNA's flagship brand, so selling it off would be an admission of defeat. The company's vociferous denial implies it wants to keep hold of it, but with debts of $78 billion, will it have a choice?

3 months ago

Northern England Is Getting a Tourism Boost from Direct Manchester-Beijing Flights

Northern England Is Getting a Tourism Boost from Direct Manchester-Beijing Flights

Thomas Buckley, Bloomberg

Manchester is obviously very proud of its direct air link with China's capital. If it continues to be a success, will more decide to follow?

6 months ago

Hainan Air Plans to Raise $1 Billion in Sale of Shares to Multiple Investors

Hainan Air Plans to Raise $1 Billion in Sale of Shares to Multiple Investors

Bloomberg

Hainan Air is making several restructuring moves as parent HNA Group sells off assets to ease its debt load. It will likely still be some time before the dust settles and the carrier finds some stability.

10 months ago

HNA’s Airlines Are Starting to Pay Back Their Overdue Fuel Bills

HNA’s Airlines Are Starting to Pay Back Their Overdue Fuel Bills

Bloomberg News, Bloomberg

This looks like a temporary fix to a much deeper problem. HNA Group better hope its asset fire sale throws up enough cash to keep its airlines flying, or else its problems could get a whole lot worse.

1 year ago

HNA-Backed Chinese Airlines Given Ultimatum to Pay Fuel Bills

HNA-Backed Chinese Airlines Given Ultimatum to Pay Fuel Bills

Bloomberg

Chinese regulators are getting tough with cash-strapped HNA's Hainan Airlines, but not too tough because they don't want customers causing disturbances at the nation's airports when flights get cancelled.

1 year ago

Cathay Pacific CEO Still Has a Very Tough Job Ahead

Cathay Pacific CEO Still Has a Very Tough Job Ahead

Angus Whitley and Kyunghee Park, Bloomberg

Like airlines around the world, Cathay Pacific has to contend with inroads from those pesky low-cost carriers. Unfortunately, the airline has an infrastructure problem that limits its options — constrained capacity in Hong Kong.

1 year ago

China Pays Airlines Billions of Dollars to Fly Tourists Around the World

China Pays Airlines Billions of Dollars to Fly Tourists Around the World

Bloomberg News, Bloomberg

Chinese carriers aren't the first to receive government subsidies and they certainly won't be the last, but that doesn't mean the tactic represents a credible long-term plan.

1 year ago

Hainan Air Adding Holding Co. To Its Name Signals Acquisition Strategy in Play

Hainan Air Adding Holding Co. To Its Name Signals Acquisition Strategy in Play

Bloomberg

Hainan Air Holdings Co. doesn't appear to be swayed at this point by Chinese regulators getting increasingly dismayed by domestic companies making huge foreign investments but that is something definitely to watch out for.

2 years ago

China’s Big Three Airlines Set to Report Biggest Combined Profit Since 2010

China’s Big Three Airlines Set to Report Biggest Combined Profit Since 2010

Bloomberg News

It's hard to believe, considering Chinese airlines transported nearly half a billion customers last year. But the nation's big three airlines still have plenty of room to grow.

2 years ago