Hainan Airlines is expected to collect CNY8 billion ($1.24 billion) through the private placement of additional shares.
Hainan Airlines 737-800. Photo: By Rob Finlayson. Hainan Airlines is expected to collect CNY8 billion ($1.24 billion) through the private placement of additional shares. It plans to use the funds to reduce its high debt ratio and expand its fleet. In a statement released by the Shanghai Stock Exchange, the Haikou-based carrier said it intends to circulate an additional 1.25 billion shares priced at no less than CNY6.42 per share. HNA plans to spend the CNY8 billion to pay off a bank ...
Subscribe to Access this Entire Article
"Hainan Airlines to raise $1.2 billion via share placement " 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.