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English > Industry&Companies > Industry-Breaking News>HNA Gets 500 Mln Government Aid

HNA Gets 500 Mln Government Aid

12-24 12:27 Caijing Magazine

Full article in Chinese: http://www.caijing.com.cn/2008-12-23/110041610.html

HNA Group, which operates Hainan Airlines Co, said it had received a 500 million yuan capital injection from the Tianjin municipal government. 200 million yuan of the money will go to HNA’s Grand China Express, a regional carrier based in the northern Chinese city of Tianjin, while 300 million yuan will go to its leasing unit. HNA is the third Chinese airline group to receive government aid during this economic slowdown.


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