Hainan Airlines
Hainan Airlines
Main page
2051710

Hainan Airlines

logo
Community Hub0 subscribers
What are your thoughts?
Be the first to start a discussion here.
Be the first to start a discussion here.
Hainan Airlines

Hainan Airlines is an airline headquartered in Haikou, Hainan, China. It is the largest civilian-run air transport company, making it the fourth-largest airline in terms of fleet size in the People's Republic of China, and the tenth-largest airline in Asia in terms of passengers carried. It operates scheduled domestic and international services on 500 routes from Hainan and various locations on the mainland, as well as charter services. Its main base is located at Haikou Meilan International Airport, with hubs at Beijing-Capital, Chongqing, Shenzhen and Xi’an, along with several focus cities.

Hainan Airlines was established in October 1989 as Hainan Province Airlines in Hainan, the largest special economic zone in China. Hainan Province Airlines became China's first joint-stock air-transport company following a restructuring in January 1993 and began scheduled services on 2 May 1993. The initial 250 million yuan (US$31.25 million) was financed by the Hainan government (5.33%) and the corporate staff (20%). The rest came from institutional shareholders. In 1996, the provincial airline was renamed to Hainan Airlines.

American Aviation LLC, controlled by George Soros, had been a major shareholder of the airline since 1995.

Executive-jet operations with a Bombardier Learjet 55 were added in April 1995. In 1998, Hainan Airlines became the first Chinese carrier to own shares of an airport after it had purchased 25% stake[citation needed] of Haikou Meilan International Airport.

In 2000, HNA Group was established and became the third largest shareholder (7.31%) of Hainan Airlines.[clarification needed] It also controlled Shanxi Airlines, Chang An Airlines and China Xinhua Airlines.[citation needed] By 2003, Hainan, the main airline, overtook Chang'an as the fourth largest airline in China.

In 2007, Grand China Air was established as the new holding company, when American Aviation became its subsidiary.

On 29 September 2005, HNA Group ordered 42 Boeing 787-8s, 10 of which were earmarked for the Hainan Airlines fleet. In January 2006, China Aviation Supplies Import and Export Group Corporation ordered 10 Boeing 737-800s for Hainan Airlines. In September 2006, Hainan Airlines ordered another 15 Boeing 737-800s.

On 4 December 2007, Hainan Airlines acquired three Airbus A340-600s on lease from International Lease Finance Corporation. On 14 November 2007, Hainan Airlines received its first Airbus A330-200. In June 2007, Hainan Airlines ordered 13 Airbus A320-200 aircraft. In late 2007, Hainan Airlines ordered 50 Embraer ERJ-145s and 50 Embraer 190s, with a total value (at list price) of US$2.7 billion. The 50-seat ERJ-145s were produced by the Harbin Embraer Aircraft Industry (HEAI) joint venture, located in Harbin. E-190 deliveries began in December 2007. Due to the 2008 financial crisis and resulting losses, the ERJ-145 order was reduced to 25. The E-190 order remained unchanged.

See all
User Avatar
No comments yet.