14-Dec-2010 11:29 AM

Grand China Air targets USD226m profit in 2010

Grand China Air Co, the airline group under HNA Group, stated it reported a profit of CNY220 million (USD33 million) on the back of CNY19.7 billion (USD3.0 billion) in operating revenue in 2009 and is forecasting an operating revenue of CNY27.1 million (USD4.0 billion) and profit of CNY1.5 billion (USD226 million) in full-year 2010 (Sina Finance, 13-Dec-2010).