Grand China Air raises stake in Hainan Air

Grand China Air has been given thegreen light by the Chinese government toauthorities to increase its shareholdingin Hainan Airlines from nearly 30 percent to almost 35 per cent.


Grand China Air raises stake in Hainan Air


Grand China Air has been given thegreen light by the Chinese government toauthorities to increase its shareholdingin Hainan Airlines from nearly 30 percent to almost 35 per cent. Grand ChinaAir is owned by Grand China AirlinesHolding Company (GCAHC) whichis a joint-venture between the Hainanprovincial government (48.6 per cent),George Soros (18.6 per cent), andHainan Airlines parent, HNA Group(32.8 per cent).