Hainan Air seeks acquisitions abroad to build global network
Like its acquisitive parent HNA Group, Hainan Airlines Holding is looking to bolster growth by buying assets on its own outside China, undeterred by potential headwinds posed by regulatory scrutiny of the parent’s overseas deals. The carrier is exploring airlines and companies along the industry’s “value chain,” president Sun Jianfeng said, without elaborating. As part of its growth strategy, Hainan Air will double down on international flights from the nation’s second-tier cities where a travel boom is under way as it takes on bigger state-owned rivals, he said. “We’ve gone past challenging, following and imitating others,” Sun said June 23 . “We now want to build a new order and set new standards.” Hainan Air is no stranger to acquisitions, though they were all backed by HNA in the past. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2017-06-27/unaligned/hainan-air-seeks-acquisitions-abroad-to-build-global-network
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Hainan Air seeks acquisitions abroad to build global network
Like its acquisitive parent HNA Group, Hainan Airlines Holding is looking to bolster growth by buying assets on its own outside China, undeterred by potential headwinds posed by regulatory scrutiny of the parent’s overseas deals. The carrier is exploring airlines and companies along the industry’s “value chain,” president Sun Jianfeng said, without elaborating. As part of its growth strategy, Hainan Air will double down on international flights from the nation’s second-tier cities where a travel boom is under way as it takes on bigger state-owned rivals, he said. “We’ve gone past challenging, following and imitating others,” Sun said June 23 . “We now want to build a new order and set new standards.” Hainan Air is no stranger to acquisitions, though they were all backed by HNA in the past. <br/>
