HNA Group’s Hainan Airlines said it will optimize its aircraft fleet structure by selling two Boeing 737-400 to affiliate Tianjin Cargo Airlines. The buyer, also part of the HNA Group, will pay $14.5 million for the aircraft, Hainan Airlines said.  Hainan Airlines owns HNA’s shares in various Chinese mainland passenger airlines, mostly in partnership with local governments. “This transaction, with disposition of old aircraft and hardware, will optimize the structures ...

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