Chinese group HNA to be split and separated
Chinese company Hainan Airlines chooses Liaoning Fangda as investor
12.09.2021 – 21:13 UTC
Hainan Airlines (HU, Haikou) said it has chosen Liaoning Fangda Group as the proposed strategic partner, but only an interim agreement between the group and the airline administrator has been reached.
The insolvent subsidiary of the HNA group said in a stock market file that if the diversified Beijing-based distributor of carbon, chemicals, pharmaceuticals and steel products finalizes its investment, it will become the airline’s majority shareholder. At present, the main shareholders of Hainan Airlines are Grand China Air with 24.3%, Haikou Meilan Airport with 5.13%, HNA Group with 3.53%, Changjiang Leasing with 3.53% and China Securities Finance Corporation Limited with 2.75%, among others. The remaining shares of the carrier are held in small amounts by other Chinese citizens.
For its part, the Liaoning Fangda group is owned by 48-year-old billionaire Fang Wei. As previously reported, the company established Hainan Large Aviation Development Co Ltd with a war chest of 30 billion yuan ($ 4.63 billion) in June with four of its subsidiaries.
Other contenders for HNA Group’s aeronautical assets have also …
Pošta Srbije reports Air Serbia for flights to the Far East
23.08.2021 – 15:06 UTC
Air Serbia (JU, Belgrade) is expected to launch flights to unspecified destinations in the Far East in 2022, according to PoštaSrbije, Serbia’s national postal operator.
In a press release announcing a new partnership between Serbian and North Macedonian postal services, acting director of Pošta Sribije, Zoran Djordjevic, said the national carrier planned to start services to the Far East “soon.” . Although he did not name any specific destination, he said the airline would play a central role in PoštaSrbije’s strategy to become the “regional center for logistics and postal services”.
Air Serbia currently operates only one widebody, an A330-200, which it deploys on the Belgrade-New York JFK route. And while it does not operate any service to Asia, including short and medium-haul flights to the Middle East, it has touted an eastward expansion for some time. In May, upon receipt of the new A330-200, which replaced another unit of the same type, Managing Director Duncan Naysmith said the airline was also interested in entering China.
Hainan Airlines & Co. given mid-4Q21 to submit draft plan
08.08.2021 – 21:55 UTC
Six months after collectively seeking protection against creditors, the Hainan People’s High Court granted Hainan Airlines (HU, Haikou) and ten of its subsidiaries an additional three months to submit their draft reorganization plan following a petition filed last week.
In a stock market file, the ailing holding company of the HNA group said that the civil ordinance (2021) Qiong Po No. 8-18 had given the community until November 10, 2021 to draw up the plan which would then be subject to review. .
In addition to Hainan Airlines Holdings, the order includes:
- China Xinhua Airlines Group Co., Ltd., t / a China Xinhua Airlines (CXH, Beijing Capital);
- Shanxi Airlines Co., Ltd. t / a Shanxi Airlines (Taiyuan);
- Haihang Aviation Technology Co., Ltd.,
- Fuzhou Airlines Co., Ltd., t / a Fuzhou Airlines (FU, Fuzhou);
- Yunnan Xiangpeng Airlines Co., Ltd., t / a Lucky Air (China) (8L, Dali City);
- Chang’an Airlines Co., Ltd., t / a Chang An Airlines (9H, Xi’an Xianyang);
- Guangxi Beibu Gulf Airlines Co., Ltd., t / a GX …