Hainan Airlines parent HNA Group signed a strategic cooperation agreement with AVIC II under which the parties will cooperate on aircraft purchasing and leasing. At the signing ceremony, HNA Group Chairman Cheng Feng said his company's alliance with AVIC II will further the development of and investment potential in China's rapidly growing air transport industry. HNA said it will need a significant number of new aircraft as it looks to establish itself in the Chinese regional market ...

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