All Hainan Airlines articles
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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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News
Hainan’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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News
Court 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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Analysis
HNA 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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News
Hainan 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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News
Hainan 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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News
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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News
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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News
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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News
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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Opinion
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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News
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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News
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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News
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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News
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.”
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News
Hainan launches Xian-Osaka Kansai
Hainan Airlines will begin operating thrice-weekly flights between Xian and Osaka Kansai on 1 July.
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News
Hainan Airlines sells two ageing B737-800s for $25.8m
Hainan Airlines is selling two Boeing 737-800s to GECAS for $25.8 million.
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News
Hainan to dispose of aging 737s, A319s
Hainan Airlines Holding Co. will move eight Boeing 737-800s and four Airbus A319s to a holding company based in Hong Kong.
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News
Hong Kong Airlines to transfer rights for two A350s to Hainan
Hong Kong Airlines (HKA) will transfer purchase rights of two Airbus A350-900s to sister company Hainan Airlines for free, as the latter moves to ramp up capacity and growth.
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News
Hainan Airlines Q1 profit dips slightly
Hainan Airlines Holding posted a 4.7% dip in its first quarter operating profits, to CNY1.63 billion ($237 million).
