Hainan Airlines is seeking to raise up to 500 million yuan ($73.2 million) via a
potential five-year onshore bond sale, marking a possible return to debt markets
more than four years after its restructuring, according to people familiar with
the matter. The airline has sounded out investors in recent weeks, with plans
under consideration for at least a year. The issuance would test investor
appetite for debt from restructured firms. Hainan Airlines completed its
restructuring in 2021 and is now controlled by Liaoning Fangda Group. The move
follows the collapse of former parent HNA Group and comes as the airline
continues to rebuild operations, with over 1,400 routes last year.
