News
HNA reports 74% growth, adds Los Angeles to network and does Deutsche Bank deal
February 24th 2017
HNA Aviation, parent of Hainan Airlines, Beijing Capital Airlines, Tianjin Airlines et al, reported 21.1% year-on-year passenger growth for January: 19.2% domestic growth and 73.6% on international routes. Read More » Its regional traffic dropped, with HNA airlines carrying 11.9% fewer passengers to Hong Kong, Macau and Taiwan. Their combined passenger load factor declined 0.4%, to 87.3%.
The HNA carriers’ cargo volume dropped 8.1% year-on-year to 39,690 tons, resulting in an 8.4% load factor slump, to 36.6%.
HNA Aviation has a fleet of 344 aircraft after it took delivery of three B737-800s, a B787-9 and an E190 in January. The group’s primary carrier, Hainan Airlines, this week confirmed two China-U.S. route launches in March: twice a week Chengdu-Los Angeles and also twice weekly from Chongqing to Los Angeles.
"The North American market is continuing to grow and Hainan has a long-term commitment to the region, making it easier for our customers in China and the U.S to enjoy Hainan's premier quality,” said Wei Hou, vice-president at the carrier.
Also this week, HNA Group took equity of 3.04% in Deutsche Bank, valued at approximately US$800 million. HNA said it might purchase more shares in the German lender but intended to keep its holding below 10%. "We have the fullest confidence in Deutsche Bank's management and will keep a close watch on its future steps and lend support as a shareholder where appropriate," a spokesman for HNA said.
