A Hainan Airlines Airbus commercial passenger aircraft is pictured in Colomiers near Toulouse, France, November 26, 2018. REUTERS/Regis Duvignau/File Photo
SHANGHAI, Sept 28 (Reuters) – Shares in Hainan Airlines (600221.SS), the flagship carrier of embattled Chinese conglomerate HNA Group, rose as much as 5% on Monday, its maximum level allowed for the day, after it gave an update on its restructuring plans.
Sources told Reuters on Monday that China's HNA Group will receive strategic investment of 38 billion yuan ($5.9 billion) after its restructuring, which will go to eleven of its entities including its flagship carrier Hainan Airlines. read more
Hainan Airlines said in a separate statement on Monday that it would use funds from strategic investors and future operating income to repay debts.
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Boeing Co showcased efforts to boost efficiency in its aircraft on Monday, a week after rival Airbus staged a similar conference, as global aviation faces growing political pressure to cut emissions and demands by environmental groups for curbs to air travel.
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China's Hainan Airlines rises by maximum 5% on restructuring plans – Reuters
