Hainan Airlines has announced it will receive six aircraft from CDB Aviation, the Irish subsidiary of Chinese financial organization, China Development Bank Financial Leasing in 2024.
The deal was announced on the sidelines of the Growth Frontiers Asia Pacific 2023 conference, which took place in Singapore between November 6-8, 2023. The order will be split equally between Boeing and Airbus.
Hainan Airlines will receive three new Boeing 737-8 MAX and three Airbus A320neo aircraft in the second half of 2024.
Hainan Airlines is China’s fourth largest airline and owns majority stakes in several other Chinese carriers that operate under their own brands: Air Chang’an, Beijing Capital Airlines, Fuzhou Airlines, Grand China Air, Lucky Air, Tianjin Airlines and Urumqi Air. It used to be part of the HNA Group, a conglomerate that entered bankruptcy proceedings in September 2021 and was subsequently broken up into four business units, of which Hainan Airlines was one.
Hainan Airlines currently operates a fleet of more than 200 aircraft, a mix of Boeing and Airbus types, and has placed an order for 20 Commercial Aircraft Corporation of China (COMAC) C919 airliners.