Hainan Airlines (HU, Haikou) has announced that it plans to purchase nineteen aircraft, reports Reuters. In a Shanghai Stock Exchange filing, Hainan said that it planned to partly fund the CNY28.9 billion (USD4.19 billion) fleet expansion through the issue of CNY15 billion (USD2.18 billion) in convertible bonds.
According to Reuters, Hainan Airlines says that the addition of nineteen aircraft is expected to increase revenue by CNY5.14 billion (USD746 million) annually.
According to ch-aviation fleet data, Hainan Airlines currently operates a mixed fleet of 185 aircraft, with almost three-quarters being B737-800s. It serves 110 destinations in twenty-one countries, and operates from bases at Chengdu Shuangliu, Beijing Capital, Guangzhou, Haikou, Hangzhou, Sanya, Shenzhen and Xi'an Xianyang.
