HNA Travel Group Limited
Before answering this question, we need to clarify a concept-Hainan Airlines and HNA Group.
Hainan Airlines, called Hainan Airlines Co., Ltd., is one of the four major airlines in China. It has more than 200 passenger planes of various types, and has been rated as one of the three five-star airlines in China. It is well known for its red and yellow tail and flight code HU.
HNA Group is the parent company/superior unit of Hainan Airlines. It owns 18 airlines through holding or equity participation, with a total of 940 aircraft. HNA Group is a comprehensive large-scale enterprise group integrating air transport, tourism, logistics and finance.
Now, let's go back to the topic. Hainan Airlines is an independent airline, which does not own or participate in other airlines. However, HNA Group has participated in a number of domestic airlines, including:
1. Tianjin Airlines: It was jointly funded by HNA Group and Tianjin Municipal Government in 2009, with A330, A320 and E190 as the core fleet.
2. Capital Airlines: Formerly known as Jinlu Airlines Co., Ltd., in 2010, the Beijing Municipal Government and HNA Group jointly invested in asset restructuring and established a new Capital Airlines. At present, it has 86 aircraft.
3. Western Airlines: Yunnan Xiangpeng Airlines, which is controlled by HNA Group, was established in Chongqing in 2006 with joint investment from other companies. In 2013, it was transformed into a low-cost airline.
4. Xiangpeng Airlines: Originally a local airline in Yunnan, it was introduced into HNA Group for joint operation in 2008 and became a holding company under HNA Group, positioning itself as a low-cost airline.
5. Jin Lu Business Aviation: Focus on business jet operation.
6. Jin Peng Airlines: Yangzijiang Airlines Co., Ltd., one of the airlines under HNA Group.
7. Fuzhou Airlines: It was jointly funded by HNA Group and Fujian Provincial Government.
8. Urumqi Airlines: It was jointly funded by HNA Group and Xinjiang Autonomous Region Government.
9. Beibu Gulf Airlines: It was jointly funded by HNA Group and Guangxi Autonomous Region Government.
10. Changan Airlines: It was jointly funded by HNA Group and Shaanxi Provincial Government.
11. Guilin Airlines: It was jointly funded by HNA Group and Guilin Municipal Government.
In addition to participating in or holding shares in the above airlines, HNA Group has also set foot in hotels, restaurants, education, retail and other industries, becoming a large state-owned holding enterprise. In the domestic aviation industry, this business model of HNA Group is not uncommon, and Air China, China Eastern Airlines and China Southern Airlines have also adopted similar strategies.
After experiencing the stage of diversified development, HNA Group began to sell non-main assets in the face of some business adjustments. Nevertheless, Hainan Airlines, its core business, still maintains good profitability and is the core asset of HNA Group.
As of February 2019, Hainan Airlines had 244 passenger planes, including various models of Boeing and Airbus. Since the opening of the first route from Haikou to Beijing in 1993, Hainan Airlines has gradually developed into an aviation giant.
HNA Group has acquired a number of airlines, but in the process of expansion, it also encountered some changes, which led to the change of ownership of some airlines. For example, Cathay Pacific acquired Hong Kong Express, so the management of HNA Group may quit. In 2006, HNA incorporated Hong Kong United Airlines into its subsidiary through investment holding, transformed into a low-cost airline company in 2013, and changed its name to Hong Kong Express in 2017.
Relying on the high-quality resources of the global aviation industry chain, HNA Group has built a modern aviation service system with air passenger transport, air freight and general aviation as the core, covering maintenance, training, ground service, aviation food, hotels and tourism, and is committed to serving people's yearning for a better life. There are 18 participating airlines.
HNA's aviation brand business includes:
1. Flagship brand:
-Hainan Airlines
-Grand China Airlines
2. Brands jointly established with local governments shall be operated and managed by HNA, with code sharing:
-Xinhua Airlines (Beijing)
-Jin Lu Airlines (Shanghai)
-Capital Airlines
-Changan Airlines
-Urumqi Airlines
-Western Airlines
-Tianjin Airlines
-Shanxi Airlines
-Beibu Gulf Airlines
-Guilin Airlines
-Fuzhou Airlines
-Xiangpeng Airlines
3. Business jet operating brand: Jin Lu Airlines (Business jet)
4. International acquisition and shareholding brands: Hong Kong Airlines, Hong Kong Express, Garuda France, Embraer, Virgin Atlantic, spanair, and AWA Airlines in Ghana, Africa.
Airlines under HNA Group include Hainan Airlines, Tianjin Airlines, Capital Airlines, Jin Peng Airlines, Urumqi Airlines, Fuzhou Airlines, Beibu Gulf Airlines, Guilin Airlines, Western Airlines, Xiangpeng Airlines and Hong Kong Airlines.
There are 14 airlines under Hainan Airlines, with a fleet of nearly 900 aircraft, opening about 2,000 domestic and international routes and more than 200 navigable cities, with an annual passenger traffic of over 120 million passengers.
1. Urumqi Airlines
Urumqi Aviation Headquarters and Operation Base are located at Diwobao International Airport in Urumqi. In November 2013, Hainan Airlines Co., Ltd. and Urumqi Urban Construction Investment (Group) Co., Ltd. jointly invested and established.
Second, Tianjin Airlines
Tianjin Airlines was established on June 8, 2009, and was jointly funded by HNA Group and Tianjin Municipal Government.
Third, Capital Airlines
The predecessor of Capital Airlines was Jinlu Aviation Co., Ltd., which was established in 1998. In April, 2010, HNA Group and BTG Group jointly established and changed its name to Beijing Capital Airlines Co., Ltd., with Beijing Daxing International Airport as its base airport.
4. Xiangpeng Airlines
Xiangpeng Airlines' operating bases are Kunming, Lijiang and Chengdu, and it is the second largest base airline in Kunming. In June 2008, the components were jointly funded by the State-owned Assets Supervision and Administration Commission of Yunnan Province and HNA Group. In March 2016, after nearly 10 years, Xiangpeng Airlines announced its transition to low-cost airlines, and Xiangpeng Airlines has become a low-cost airline.
V. Hong Kong Airlines
Hong Kong Airlines, formerly known as Hong Kong Zhongfu Airlines, established in 2001, is an airline based in Hong Kong, with Hong Kong International Airport as its hub. In 2006, with the approval of the Hong Kong Economic Development and Labor Bureau, HNA Group officially acquired 45% of the shares of Zhongfu Airlines and became its major shareholder. In the same year, Zhongfu Airlines was renamed Hong Kong Airlines.
6. Western Airlines
Western Airlines is the first local airline in Chongqing invested and controlled by HNA Group. It officially started operation on June 14th, 2007, and its base is located in Chongqing Jiangbei International Airport.
7. Guilin Airlines
Guilin Airlines is jointly funded by Guilin Tourism Development Corporation and Guilin Aviation Tourism Group Co., Ltd., which is controlled by HNA Group. It is the only airline established by prefecture-level cities in China.
Eight, Fuzhou Airlines
Fuzhou Airlines was established in February 2014 with a registered capital of 2 billion yuan jointly funded by four companies. Among them, Hainan Airlines contributed 1.2 billion yuan in kind and cash, accounting for 60% of the registered capital. Fuzhou Airlines operates from Fuzhou Changle International Airport and Xi 'an Xianyang International Airport.
Nine, Jin Lu business jet aviation
Jin Lu Executive Jet Airlines is the first executive jet airline in China, which manages and operates more than 90 executive jets.
X. Changan Airlines
Changan Airlines Co., Ltd. (hereinafter referred to as "Changan Airlines") is a regional air transport enterprise in China, which officially opened to the outside world on April 11, 1992. It is a joint-stock air transport enterprise approved by the Civil Aviation Administration of China and Shaanxi Provincial Administration for Industry and Commerce. Headquartered in Xi 'an, Shaanxi Province, the operation base is located in Xianyang International Airport, Xi 'an, Shaanxi Province.
XI. Beibu Gulf Airlines
Guangxi Beibu Gulf Airlines (GX Airlines for short) was established by Tianjin Airlines, a subsidiary of HNA Group, and Guangxi Beitou Civil Aviation Investment Co., Ltd. [1] with a total registered capital of 3 billion yuan.
XII. Grand China Airlines
Grand China Airlines Co., Ltd., referred to as Grand China Airlines for short, is an airline under HNA Group. On November 29, 2007, Hainan Airlines Group announced in Beijing that as the core enterprise of HNA Group's aviation industry, Daxinhua Airlines Co., Ltd. was formally established and put into operation, mainly engaged in domestic trunk lines from domestic hub airports to major cities and major international routes.
XIII. Jin Peng Airlines
Jin Peng Airlines Co., Ltd. (formerly Yangzijiang Airlines Co., Ltd.) was established in 2002, and it is an aviation enterprise with Shanghai and Shenzhen as its main operating bases under HNA Group.
14. Hong Kong Express Airlines
Hong Kong Express, referred to as Hong Kong Express, is a low-cost airline based in Hong Kong, providing reasonable air ticket selection and punctual and reliable flight service, covering flights mainly in Asia, including the mainland of China.
Extended data:
Since its establishment in 1993, HNA Group has experienced 28 years of development, from a single local air transport enterprise to a multinational enterprise group. HNA Group is committed to building a world-class aviation brand of the Chinese nation with its main business of air transportation as its core.
HNA Group owns 14 airlines and manages 13 airports, with a fleet size of nearly 900. About 2,000 domestic and international air routes have been opened, and there are more than 200 navigable cities, with an annual passenger traffic of over 120 million passengers.
Hainan airlines, a subsidiary of Hainan airlines, has been awarded SKYTRAX global five-star airline for 10 consecutive years; Haikou meilan international airport is the 8th SKYTRAX five-star airport in the world and the first one in China (excluding Hong Kong, Macao and Taiwan).
As a local aviation enterprise deeply involved in Hainan market, HNA Group seized the development opportunities of tourism, modern service industry and high-tech industry in Hainan Free Trade Port, and gave full play to the advantages of HNA resources.
Actively lay out industries such as aviation network, infrastructure, aviation logistics, aircraft maintenance, aircraft leasing, tax exemption for outlying islands, tourism consumption, etc., give full play to the advantages and synergistic effects of industrial agglomeration, promote its own rapid development, and help Hainan Free Trade Port construction with a high degree of political stance, responsibility and mission.
Source of reference: Baidu Encyclopedia-HNA Group Co., Ltd.
