Hainan Airlines raises stake in Yangtze River Airlines

Hainan Airlines announced (18-Jul-2016) the carrier and HNA Logistics Group will separately inject cash into Yangtze River Airlines, raising the carrier's registered capital to CNY5025 million (USD774 million) to fund its growth in China's eastern region. Hainan Airlines will inject CNY915.2 million (USD141 million) while HNA Logistics, an affiliate of HNA Group, will inject CNY2824.8 million (USD435 million). Following the capital injection, shareholders in Yangtze River Airlines will be: HNA Logistics (35.13%), Jian Ying Investment Co Ltd (23.73%), Hainan Airlines Group (14.73%), Hainan Airlines (11.58%), Lucky Air (9.95%), and HNA Group (4.88%). [more - original PR - Chinese]