Grand China Air Explained
Grand China Air Co., Ltd. (GCA) (大新華航空) is a Chinese airline based at Haikou Meilan International Airport.
History
Grand China Air was formed on 29 November 2007 under the initiative of the HNA group's largest operational entity, Hainan Airlines, to merge its operations with HNA Group's subsidiaries Shanxi Airlines, Chang An Airlines, and China Xinhua Airlines. The airline is headquartered in Beijing and registered in Hainan Province. As of 14 April 2012 only one of its 737-800s have been fitted with winglets.
Grand China Air was owned by 23 shareholders. The top 5 shareholders were Hainan Development Holdings (24.97%), HNA Group (23.11%), Starstep (9.57%), Haikou Meilan International Airport (8.30%) and Shenhua Group (5.56%). It was reported that George Soros was a minority shareholder[2] [3] It was reported that Starstep was still owned by Soros. Former associate of Soros, Bharat Bhisé, via Pan-American Aviation Holdings,[4] owned 4.00% stake of Grand China Air as the 8th largest shareholder (in 2015 Pan-American was acquired by Jun Guan);[5] [6] Pan-American Aviation Holdings was a minority shareholder of HNA Group indirectly.[7]
U.S. sanctions
In January 2021, the United States government named Grand China Air as a company "owned or controlled" by the People's Liberation Army and thereby prohibited any American company or individual from investing in it.[8]
Destinations
Grand China Air will serve the same destinations as Hainan Airlines.
See main article: List of Hainan Airlines destinations.
Fleet
Current fleet
, Grand China Air operates an all-Boeing fleet consisting of the following aircraft:[9]
Former fleet
The airline previously operated the following aircraft (as of August 2018):[10]
Notes and References
- "Designators and Indicators ", Eurocontrol, retrieved on 2008-11-13.
- Leo Zhang, "It's plane and simple: China has Grand plan", Shanghai Daily, 2007-11-30. Retrieved on 2008-03-31.
- http://www.chinahospitalitynews.com/2007/12/03/5235-hainan-airlines-announces-grand-china-airlines-opening/ Hainan Airlines Announces Grand China Airline's Opening
- Web site: Pan American Holdings to Invest Up to $100 Million in Newly Established Grand China Airlines; Letter of Intent Signed in Haikou, China, on April 1, 2006. 5 April 2006. 23 February 2017. businesswire. 23 February 2017. https://web.archive.org/web/20170223212402/http://www.businesswire.com/news/home/20060405006183/en/Pan-American-Holdings-Invest-100-Million-Newly. live.
- Web site: 2015 Annual Report. 30 March 2016. 23 February 2017. AID Partners Capital Holdings. Hong Kong Stock Exchange. 23 February 2017. https://web.archive.org/web/20170223213059/http://www.hkexnews.hk/listedco/listconews/GEM/2016/0330/GLN20160330275.pdf. live.
- Web site: Public Tender Offer by HNA Aviation (Hong Kong) Air Catering Holding Co., Ltd., Hong Kong for all publicly held registered shares with a nominal value of CHF 5.00 each of gategroup Holding Ltd, Kloten, Switzerland. 19 May 2016. 23 February 2017. HNA Group. https://web.archive.org/web/20170224054829/http://www.hnagroup.com/en/discl/HNA_Website/Offer%20Prospectus.PDF. 24 February 2017. dead. dmy-all.
- Web site: 简式权益变动报告书. 7 September 2016. 23 February 2017. Hainan Airlines. Shanghai Stock Exchange. Chinese.
- News: Stone. Mike. Alper. Alexandra. Brunnstrom. David. 2021-01-14. Trump administration takes final swipes at China and its companies. en. Reuters. 2021-01-14. 2021-01-14. https://web.archive.org/web/20210114194824/https://www.reuters.com/article/us-usa-china-companies-idUSKBN29J1X4. live.
- Global Airline Guide 2019 (Part One). Airliner World. October 2019. 11.
- Global Airline Guide 2018 (Part One). Airliner World. October 2018. 11.
