Grand China Airlines Gains Key Investor

Grand China Airlines, the new parent company of Hainan Airlines, is gaining an investment of between $60 million and $100 million from Cayman Islands-based Pan American Holdings. The aircraft-investment entity ends up with a stake in Grand China Airlines following the signing of its letter of intent with Hainan Airlines, which is subject to governmental approval. Grand China Airlines also will own Hainan's other subsidiaries, Xinhua Airlines, Changan Airlines and Shanxi Airlines. Its acquisition of Hong Kong-based CR Airways is pending.

Suggested Articles:

Military veterans and community heroes can enter to win a free work-from-home travel agency franchise from Dream Vacations. Learn more here.

MMGY Global says domestic travel safety scores low at 34 and international travel scores even lower at 22 (0 being least safe; 100 being safest).

Any commissions earned from a future travel credit transaction should be payable upon the issuance and not at the time of the future travel.