Hainan Airlines buys jets

May 23, 2017 by  
Filed under Aviation, News, North Asia

SHANGHAI, 23 May 2017: China’s Hainan Airlines, which has poured billions of dollars into overseas acquisitions, announced plans Monday to buy 19 Boeing aircraft for USD4.2 billion to help meet skyrocketing travel demand by Chinese consumers.

The company said in a statement to Shanghai’s stock exchange that it would buy 13 Boeing 787-9 passenger jets and six 737-8s, citing the continued “rapid growth” in China’s travel market as incomes rise.

It plans to issue 15 billion yuan (USD2.18 billion) in bonds to help fund the deal. Read more