Hainan Airlines 737-800. Photo: By Rob Finlayson. Haikou-based Hainan Airlines Group sealed a deal to invest in Istanbul-based cargo carrier ACT Airlines. HNA, which has made clear that it wants to invest abroad (ATW Daily News, July 19), didn't reveal how much money it will put into ACT or how large its holding will be. ACT was launched in 2004 and operates a fleet of four Airbus A300-B4 freighters. Its fleet is expected to expand to 10 aircraft in the next two years, aided in ...

Subscribe to Access this Entire Article

"Hainan Airlines to invest in Turkish cargo carrier ACT " is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions? ATWPlus@penton.com.

Already registered? here.