Hong Kong Airlines to transfer rights for two A350s to Hainan
Hong Kong Airlines will transfer purchase rights of two Airbus A350-900s to sister company Hainan Airlines for free, as the latter moves to ramp up capacity and growth. Hainan says in a Shanghai Stock Exchange disclosure that the two aircraft in concern, which HKA has on order with Airbus, have serial numbers 360365 and 360371. Hainan, HKA and Airbus signed the purchase right transfer agreement, the disclosure states. As part of the deal, the HNA Group, which owns both carriers, will provide a guarantee of $509m, and the Hainan Airlines Group will provide a counter-guarantee of $509m.<br/>
https://portal.staralliance.com/cms/news/hot-topics/2019-06-13/unaligned/hong-kong-airlines-to-transfer-rights-for-two-a350s-to-hainan
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Hong Kong Airlines to transfer rights for two A350s to Hainan
Hong Kong Airlines will transfer purchase rights of two Airbus A350-900s to sister company Hainan Airlines for free, as the latter moves to ramp up capacity and growth. Hainan says in a Shanghai Stock Exchange disclosure that the two aircraft in concern, which HKA has on order with Airbus, have serial numbers 360365 and 360371. Hainan, HKA and Airbus signed the purchase right transfer agreement, the disclosure states. As part of the deal, the HNA Group, which owns both carriers, will provide a guarantee of $509m, and the Hainan Airlines Group will provide a counter-guarantee of $509m.<br/>
