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China's Hainan Airlines to buy 19 Boeing jets for US$4.2b

Tue, May 23, 2017 - 5:50 AM

BT_20170523_HAINAN2_2898345.jpg
Hainan Airlines and its parent HNA Group have been actively acquiring overseas investments in recent years.
PHOTO: BLOOMBERG

Shanghai

CHINA'S Hainan Airlines, which has poured billions of dollars into overseas acquisitions, announced plans on Monday to buy 19 Boeing aircraft for US$4.2 billion to help meet Chinese consumers' skyrocketing demand for travel.

The company said in a statement to Shanghai's...

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