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Hainan Airlines’ parent accepts cash injection, sells assets amid downturn

22-Jan-2009

HNA Group, parent of Hainan Airlines, Grand China Express, Xinhua Airlines, Chang'an Airlines and Shanxi Airiines, is another Mainland carrier to have received more government funds amid the worsening economic downturn. [599 words]

Unlock the following content in this report:

Subheadings:

  • Rapid expansion planned for 2009
  • Outlook: Not a great time to be expanding aggressively

Graphs and data:

  • HNA Group passenger number growth and cargo volume growth: Dec-07 to Nov-08
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