Hainan Airlines to sell two B737-800 aircraft, issue bonds

Posted By Tony Sanchez / March 14, 2019 / Airlines / 0 Comments

March 14, 2019

Hainan airlines said on Thursday it plans to sell two B737-800 aircraft to NGF Genesis Ltd, an Ireland-based cargo company, for $27.5 million, as well as issue bonds up to 8 billion yuan ($1.19 billion) to repay debt and replenish capital.

The company also said in a statement it plans to sell 54.55 percent stake in one of its units Hainan Airlines Civil Aviation Investment to Global Aviation Ventures LLC for $30 million, and the remaining 45.45 percent stake to Azul SA for $25 million.

Source: (Reuters)

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