Hainan Airlines plans to raise $300 million to help finance the acquisition of three Boeing 767-300ERs and five 737-800s through a series of share offerings. The carrier is pursuing an aggressive expansion strategy and has secured approval from civil aviation administration of China to launch international flights with its planned fleet of up to 10 767-300ERs. State-run media reported in October 2000 that Hainan was also ordering an additional five 737-800s. Boeing does not currently list any orders from Hainan in its firm backlog. The carrier currently operates five 737-300s, seven -400s, seven -800s and 19 Fairchild Dornier 328JETs.

Source: Flight International