Date
23 October 2017

Hainan Airlines to inject 1 bln yuan into West Air, filing says

Hainan Airlines Co. Ltd. (600221.CN) will inject 1 billion yuan (US$164.15 million) into affiliate  West Air Co. Ltd. for a 29.4 percent stake, it said in a regulatory filing Wednesday. West Air will also receive another 1 billion yuan from three other investors. In a separate filing, Hainan Airlines said it will agree to a 400 million yuan injection by HNA Aviation Holdings Co. Ltd. into Chang’an Airlines Co. Ltd. The two companies will hold 88.03 percent and 11.97 percent of Chang’an, respectively.

– Contact HKEJ [email protected]

TL/AC/RA

 

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