Hainan Airlines moves further into logistics

HNA Group, the parent of Hainan Airlines and China’s 4th largest aviation group, launched a new logistics company called Grand China Logistics in Shanghai this week. With a registered capital of 1 billion yuan (US$146.2 million) and total assets of 5 billion yuan, Grand China will handle shipping, road transportation and air freight. HNA now […]


HNA Group, the parent of Hainan Airlines and China’s 4th largest aviation group, launched a new logistics company called Grand China Logistics in Shanghai this week.

With a registered capital of 1 billion yuan (US$146.2 million) and total assets of 5 billion yuan, Grand China will handle shipping, road transportation and air freight.

HNA now owns 11 subsidiaries including five shipping firms, one air cargo firm and one road service firm, as well as a fleet of 39 ships. Among HNA Group’s 30 billion yuan revenue last year, its logistics business accounted for only 10-15 per cent. It has 182 planes on more than 500 routes, manages 13 airports and more than 40 hotels, and owns five listed companies.