Hainan Airlines 737-800. By Rob Finlayson Hainan Airlines Investment Holding Co., a wholly owned subsidiary of Hainan Airlines (HU), has purchased a 19.02% stake in Hong Kong Airlines (HX) for CNY842 million ($132.4 million) in a move to strengthen the carrier’s financial position. HX is a fast-growing airline and the third biggest carrier in Hong Kong following Cathay Pacific Airlines and Dragon Air. The Haikou-based carrier also purchased a 12.68% stake for CNY282 million ...

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