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 It was reported that Starstep was still owned by Soros. Former associate of Soros, Bharat Bhisé, via Pan-American Aviation Holdings, owned 4.00% stake of Grand China Air as the 8th largest shareholder (in 2015 Pan-American was acquired by Jun Guan); Pan-American Aviation Holdings was a minority shareholder of HNA Group indirectly.
Grand China Air will serve the same destinations as Hainan Airlines.
Grand China Air operates an all-Boeing fleet consisting of the following aircraft (as of August 2017):
Grand China Air fleet
- ↑ "Designators and Indicators", Eurocontrol, retrieved on 2008-11-13.
- 1 2 "简式权益变动报告书" (PDF). Hainan Airlines (in Chinese). Shanghai Stock Exchange. 7 September 2016. Retrieved 23 February 2017.
- ↑ Leo Zhang, "It's plane and simple: China has Grand plan", Shanghai Daily, 2007-11-30. Retrieved on 2008-03-31.
- ↑ Hainan Airlines Announces Grand China Airline's Opening Archived 2007-07-23 at Archive.is, China Hospitality News, 2007-12-03. Retrieved on 2008-03-31.
- ↑ "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". businesswire. 5 April 2006. Retrieved 23 February 2017.
- ↑ "2015 Annual Report" (PDF). AID Partners Capital Holdings. Hong Knog Stock Exchange. 30 March 2016. Retrieved 23 February 2017.
- ↑ "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" (PDF). HNA Group. 19 May 2016. Archived from the original (PDF) on 24 February 2017. Retrieved 23 February 2017.
- ↑ "Global Airline Guide 2017 (Part One)". Airliner World (October 2017): 11.