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Grand China Air

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Organization name
Grand China Air
Country name
China
Country of registration
China
Industry
Miscellaneous Transportation Services
Public debt
-

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Profile

Grand China Air was formed on 29 November 2007 under the initiative of the HNA group's largest operational entity, Hainan Airlines, to merge its operations with HNA Group's subsidiaries Shanxi Airlines, Chang'an Airlines, and China Xinhua Airlines. The airline is headquartered in Beijing and registered in Hainan Province. As of April 14, 2012 only one of its 737-800s have been fitted with winglets. Grand China Air is managed under a parent company called Grand China Airlines Holding Company (GCAHC) which is held jointly by Hainan province government (48.6%), George Soros (18.6%), and the HNA group (32.8%).

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News

01/04/2015 New bond issue: Grand China Air sells USD 300.0m in 2017 bonds with a 5.5% coupon
31/03/2015 Grand China Air hires investment banks and plans USD 2NC1 bonds sale at 5.75% - Schildershoven Finance B.V.
31/10/2014 New bond issue: Grand China Air sells SGD 250.0m in 2017 bonds with a 6% coupon
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