Hainan Airlines taking off to the future
Monday, October 22nd, 2007It’s always a pleasure to fly with Hainan Airlines, as I just did last week from Shanghai to Beijing – a clean cabin, an on time departure when other airlines were having delays, and entertainment on board from lottery games, to acceptable food, and a good drinks trolley. But Hainan Airlines has always been a bit different from the normal Chinese carrier.
Founded in 1989, Hainan Airlines became China’s first joint-stock air-transport enterprise in 1993. It remains today privately owned and has grown to become the fourth largest airline on the mainland in terms of fleet size. It is also the most profitable of all of China’s carriers, with reported earnings for the first half of 2007 at RMB189.71 million.
In 1995, the American billionaire George Soros invested US$25 million in the company, buying 100 million shares. In 2005 he invested another US$25 million.
It is an investment that is sure to pay off once the company begins non-stop flights between Beijing and Seattle – the first North American destination for Hainan Airlines. Those flights are set to begin in June 2008, just in time for the Olympics. They also plan to begin a Beijing-Chicago and Beijing-Newark service, both starting in July 2009. (more…)







SHANGHAI, Aug. 13 - Hainan Airlines has applied to operate non-stop flights between Beijing and Seattle starting next June authorities at the Civil Aviation Administration of China (CAAC) announced.




