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 ...

Subscribe to Access this Entire Article

"Printer-friendly" 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.