HNA Group, parent of Hainan Airlines, revealed that it is preparing to launch an aircraft leasing company with AVIC II, with which it reached a strategic partnership agreement (ATWOnline, May 4). HNA noted that leasing is a "promising business" in China as few domestic companies have a foothold in the field. "To accelerate the delivery of aircraft to Hainan Airlines' fleet" and "lowering the cost" also were cited as reasons for launching the new entity. Leasing has become increasingly ...

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