Hainan Airlines announced it will invest in a fund for its upstream and downstream suppliers chain and auxiliary operations sectors. Hainan Airlines will invest RMB900 million (approx.:US$136 million) to contribute 20% to the fund’s RMB4.5 billion (approx.:US$683 million) in total capital.
Hainan Airlines announced in a public notice that the carrier is investing to be a partner in a joint investment fund for investing in business areas throughout the industrial chain of aviation and related supportive business.
Hainan Airlines said it is making this investment, equivalent to 20% of the overall size of the fund, to leverage the merger and acquisition fund to complement the company’s core business, and find targets for mergers and acquisition that can fill gaps of its business chain, improve its business structure and provide cross-sector development potential.(Transaltion by David)
