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Founded | 2007 | ||||||
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Frequent-flyer program | Fortune Wings Club | ||||||
Subsidiaries | Air Changan Tianjin Airlines | ||||||
Fleet size | 3 | ||||||
Headquarters | Beijing, China | ||||||
Website | grandchinaair.com |
Grand China Air | |||||||
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Simplified Chinese | 大新华航空 | ||||||
Traditional Chinese | 大新華航空 | ||||||
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Grand China Air Co.,Ltd. (GCA) is a Chinese airline based at Haikou Meilan International Airport.
Grand China Air was formed on 29 November 2007 under the initiative of the HNA group's largest operational entity,Hainan Airlines,to merge its operations with HNA Group's subsidiaries Shanxi Airlines,Chang An Airlines,and China Xinhua Airlines. The airline is headquartered in Beijing and registered in Hainan Province. As of 14 April 2012 only one of its 737-800s have been fitted with winglets.
Grand China Air was owned by 23 shareholders. The top 5 shareholders were Hainan Development Holdings (24.97%),HNA Group (23.11%),Starstep (9.57%),Haikou Meilan International Airport (8.30%) and Shenhua Group (5.56%). [2] It was reported that George Soros was a minority shareholder [3] [4] It was reported that Starstep was still owned by Soros. Former associate of Soros,Bharat Bhisé,via Pan-American Aviation Holdings, [5] owned 4.00% stake of Grand China Air as the 8th largest shareholder (in 2015 Pan-American was acquired by Jun Guan); [6] [7] Pan-American Aviation Holdings was a minority shareholder of HNA Group indirectly. [2]
In January 2021,the United States government named Grand China Air as a company "owned or controlled" by the People's Liberation Army and thereby prohibited any American company or individual from investing in it. [8]
Grand China Air will serve the same destinations as Hainan Airlines.
As of September 2019 [update] ,Grand China Air operates an all-Boeing fleet consisting of the following aircraft: [9]
Aircraft | In Fleet | Orders | Passengers | Notes | ||
---|---|---|---|---|---|---|
F | Y | Total | ||||
Boeing 737-800 | 3 | – | 8 | 156 | 164 |
The airline previously operated the following aircraft (as of August 2018): [10]
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China Xinhua Airlines was an airline based in Chaoyang District,Beijing,China. It operated scheduled trunk services and charter flights. Its main bases were Beijing Capital International Airport and Tianjin Binhai International Airport. On November 29,2007,it merged with Shanxi Airlines and Chang An Airlines to form Grand China Air,a subsidiary of Hainan Airlines.
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Haikou Meilan International Airport is the airport serving Haikou,the capital of Hainan Province,China. It is located 25 kilometres (16 mi) southeast of the city center and was opened in 1999,replacing the old Dayingshan Airport located along what is now the city's Guoxing Avenue. The airport is operated by Hainan Meilan International Airport Company Limited.
West Airlines Co. Ltd.,operating as West Air,is a low-cost airline based in New North Zone,Chongqing,China,operating a scheduled passenger network to domestic and international destinations out of its hub,Chongqing Jiangbei International Airport. The company was established in March 2006 by its parent company Hainan Airlines,with the launch of scheduled services on 14 July 2010. The airline is one of the four founding members of the U-FLY Alliance.
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HNA Group Co.,Ltd., is a Chinese conglomerate headquartered in Haikou,Hainan,China. Founded in 2000,it was involved in numerous industries including aviation,real estate,financial services,tourism,logistics,and more. It is a part owner of Grand China Air. In July 2017,HNA Group ranked No. 170 in 2017 Fortune Global 500 list with a revenue of $53.335 billion. It is one of the most active investment companies in the world,acquiring numerous assets under its name. In 2021,the corporation declared bankruptcy after debt restructuring efforts failed.On December 8,2021,Liaoning Fangda Group Industrial acquired HNA's aviation division,later on December 24,Hainan Development Holdings Co.,Ltd. acquired HNA's airport division,marked the defunct of the HNA Group.
Fuzhou Airlines is an airline headquartered at Fuzhou Changle International Airport,Fuzhou,Fujian province,China. It is a subsidiary of Hainan Airlines.
Chen Feng is a Chinese businessman and founder of business conglomerate HNA Group and Hainan Airlines.
Bohai International Trust Co.,Ltd. (BITC) known as just Bohai Trust,is a Chinese investment management company based in Shijiazhuang,Hebei Province. The company has licensed to create trust. The company is a subsidiary of HNA Group for 51.23% shares,plus additional 22.10% shares via China Xinhua Airlines,a subsidiary (83.39%) of Hainan Airlines. Hainan Airlines,a listed company,is partially owned by HNA Group. The remain 26.67% shares of the trust company were owned by another subsidiary of HNA Group,which the group owned 72.98% stake of that subsidiary directly and indirectly.
Regal International Airport Group Co.,Ltd. is a Chinese listed company based in Meilan Airport,Haikou. The company is 50.19% owned by Haikou Meilan International Airport Co.,Ltd.,a company related to Hainan Airlines,Grand China Air,HNA Infrastructure Investment Group,HNA Group,Hainan Provincial People's Government and China Development Bank.
Hainan HNA Infrastructure Investment Group Co.,Ltd. formerly Hainan Island Construction Co.,Ltd. is a Chinese listed company based in Haikou. in mid-2016 the company acquired HNA Infrastructure Group (Chinese:海航基础产业集团) in a reverse IPO from intermediate parent company HNA Infrastructure Holding Group (Chinese:海航基础控股集团),which HNA Infrastructure Group is the parent company of HNA Real Estate and HNA Airport Group (Chinese:海航机场集团,in turn HNA Airport Group is the parent company of HNA Airport Holdings (Group) (Chinese:海航机场控股(集团)) and HNA Airport Holdings is the parent company of Sanya Phoenix International Airport Co.,Ltd.);HNA Airport Group is the largest shareholder of Haikou Meilan International Airport (19.58% as at October 2016),which in turn the largest shareholder of Hong Kong listed company HNA Infrastructure. In December 2016 a proposed capital increase of the HK-listed company was announced. HNA Infrastructure Investment Group would purchase a minority share directly. Haikou Meilan International Airport was the second-largest shareholder of Hainan Airlines;Hainan Airlines,however,also owned a minority stake in Haikou Meilan International Airport.
Haikou Meilan International Airport Co.,Ltd. is a Chinese company. The company was the developer,owner and operator of the airport of the same name. However,the airport is now operated by the company's subsidiary HNA Infrastructure Co.,Ltd..
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