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Jiaxin Investment Management cuts its stake in Hainan Airlines for the second time

28-Jul-2009

Hainan Airlines announced its fourth largest shareholder, Hainan Jiaxin Investment Management Co, reduced its stake in the carrier by 2.25% to 1.61%, selling up to 80 million shares for CNY5.63 per share on 10-Jul-2009. Jiaxin, which is owned by employees of HNA Group, the parent of Hainan Airlines, currently holds approximately 57 million negotiable shares in Hainan Airlines. [1449 words]

Unlock the following content in this report:

Subheadings:

  • Continues to add capacity to stimulate demand
  • New Shenzhen venture
  • Also branching out to Taiwan
  • Sale and leaseback
  • Grand China Express no more, now Tianjin Airlines
  • Expands Hangzhou and Xi’an capacity
  • Hong Kong Airlines cuts losses through capacity reductions as Hong Kong Express Airways continues to grow
  • Hong Kong Airlines proposes pay reduction for pilots
  • Selects OnAir for inflight service

Graphs and data:

  • Hainan Airlines domestic route network: Jul-2009
  • Hainan Airlines current fleet: Jul-2009
  • China-Taipei capacity breakdown by carrier (seats per week as % of total)
  • Hong Kong Airlines and Hong Kong Express combined route network: Jul-2009
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