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Virgin Australia and Hainan Airlines announced a new codeshare agreement in June covering Hainan China-Australia flights and Virgin domestic services. seth jaworski
Asia Watch
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HNA Group is restructuring, but what does it mean for Virgin Australia?
Who controls Hainan Airlines, the flagship operation of China’s HNA Group, which paid A$159 million for a 13 percent stake in Virgin Australia (VA) back in 2016?
That’s the question that has been puzzling observers in recent times as HNA, based on Hainan Island – China’s very own version of Hawaii – attempts to navigate its way through a morass of debt, the result of a A$65 billion acquisition spree over the past three years.
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