Search Results

Results 1 - 10

Tianjin Airlines' rebirth aims to build Asia's biggest carrier

Business | Airlines and airports
2009-6-9

HAINAN Airlines Co and its parent teamed up with the Tianjin government to inaugurate Tianjin Airlines yesterday in a move aimed at creating Asia's biggest regional carrier. HNA Group, parent of China's fourth-largest...

Airline flies into net loss last year

Business | Airlines and airports
2009-5-25

SHANGHAI-LISTED Hainan Airlines Co Ltd reported a 1.42 billion yuan (US$208 million) net loss last year due to high oil prices and waning passenger demand. The company attributed the loss to rising oil prices in...

Delegation seals US$2b deals in UK

Business | Airlines and airports
2009-2-28

A CHINESE business delegation sealed deals amounting to US$2 billion with British firms in London yesterday in a significant move to stave off protectionism in the wake of the global financial crisis. The agreement...

Airline buys

Business | Airlines and airports
2008-12-15

HAINAN Airlines Co, the Chinese airline backed by United States billionaire George Soros, will pay 2.35 billion yuan (US$343 million) to buy a hotel stake and an office tower in Beijing. The airline plans to pay...

Airline bonds

Business | Airlines and airports
2008-11-26

HAINAN Airlines Co will issue up to 2.7 billion yuan (US$395 million) of short-term debt on the inter-bank bond market to widen financing channels. The move is also to satisfy its capital demand, cut financing...

Yuan's flight lifts air carrier

Business | Airlines and airports
2008-8-21

HAINAN Airlines Co, the Chinese carrier backed by United States billionaire George Soros, jumped the most in more than a month in Shanghai trading yesterday after reporting that first-half profit probably rose more...

Growing faster

Business | Airlines and airports
2008-3-19

Hainan Airlines Co, China's fourth-largest carrier, said yesterday that its net profit for last year would grow at a faster pace than it estimated in January. The net profit is expected to rise 300 percent last...

Profit set to soar

Business | Airlines and airports
2008-2-1

HAINAN Airlines Co estimated yesterday that its net profit will soar by 200 percent last year from 182 million yuan (US$25.31 million) in 2006. The carrier attributed the growth to the continuous appreciation of...

Hainan Airlines to buy assets from parent

Business | Airlines and airports
2007-12-13

HAINAN Airlines Co will acquire financial assets from its parent to boost its capital, the Shanghai-listed carrier announced yesterday. The airline will pay HNA Group 595 million yuan (US$80.5 million) for 29.77...

Hainan Air to fly into soaring growth

Business | Airlines and airports
2007-6-26

HAINAN Airlines Co, a Chinese carrier backed by United States billionaire George Soros, expects to increase sales at least 15 percent this year because of rising travel in the world's most populous country. "China...