{"id":34824,"date":"2005-10-17T08:42:03","date_gmt":"2005-10-17T00:42:03","guid":{"rendered":"http:\/\/www.chinahospitalitynews.com\/2005\/10\/17\/soros-places-more-funds-with-hainan-airlines\/"},"modified":"2005-10-17T08:42:03","modified_gmt":"2005-10-17T00:42:03","slug":"soros-places-more-funds-with-hainan-airlines","status":"publish","type":"post","link":"https:\/\/www.chinahospitalitynews.com\/cn\/2005\/10\/17\/34824\/","title":{"rendered":"Soros Places More Funds With Hainan Airlines"},"content":{"rendered":"<p><img decoding=\"async\" height=\"60\" src=\"http:\/\/www.chinahospitalitynews.com\/images\/hainanairlines-logo-120x60.gif\" width=\"120\" align=\"right\">George Soros has expanded his investment in Hainan Airlines, placing another US$25 million into China's fourth-largest carrier.<\/p>\n<p><!--more--><\/p>\n<p>Soros, the first overseas investor to take a major stake in a Chinese airline, paid about US$25 million in 1995 for 14.8% of Hainan Airlines. The Soros-controlled American Aviation LCD is Hainan Airlines' largest shareholder.<\/p>\n<p>Hainan Airlines has A and B shares trading on the Chinese stock market.<\/p>\n<p>Hainan Airlines operates more than 500 routes in Chinese mainland and flies to Asian destinations such as Seoul, Osaka, Macao and Kuala Lumpur. The company said in August it may start flights to the United States as early as this year as part of plans to fly beyond Asia.<\/p>\n<p>Chen Feng, chairman of the Shanghai-listed carrier, revealed that the investment will be used to reorganize Hainan Airlines and build a new brand, Grand China Air, by merging smaller carriers.<\/p>\n<p>Chen said Hainan Airlines Group, parent of the carrier, has obtained approval from the General Administration of Civil Aviation of China (CAAC), the country's civil aviation regulator, to form a new carrier this year by merging Hainan Airlines and its subsidiaries Xinhua Airlines Company, Changan Airlines Company and Shanxi Airlines Company <\/p>\n","protected":false},"excerpt":{"rendered":"<p>George Soros has expanded his investment in Hainan Airlines, placing another US$25 million into China's fourth-largest carrier.<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12723],"tags":[],"class_list":["post-34824","post","type-post","status-publish","format-standard","hentry","category-english"],"_links":{"self":[{"href":"https:\/\/www.chinahospitalitynews.com\/cn\/wp-json\/wp\/v2\/posts\/34824","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.chinahospitalitynews.com\/cn\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.chinahospitalitynews.com\/cn\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.chinahospitalitynews.com\/cn\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.chinahospitalitynews.com\/cn\/wp-json\/wp\/v2\/comments?post=34824"}],"version-history":[{"count":0,"href":"https:\/\/www.chinahospitalitynews.com\/cn\/wp-json\/wp\/v2\/posts\/34824\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.chinahospitalitynews.com\/cn\/wp-json\/wp\/v2\/media?parent=34824"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.chinahospitalitynews.com\/cn\/wp-json\/wp\/v2\/categories?post=34824"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.chinahospitalitynews.com\/cn\/wp-json\/wp\/v2\/tags?post=34824"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}