Grand China Air

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Grand China Air
GrandChinaLogo.png
IATA ICAO Callsign
CN GDC GRAND CHINA [1]
Founded 2007
Frequent-flyer program Fortune Wings Club
Subsidiaries Hainan Airlines
Chang An Airlines
China Xinhua Airlines
Tianjin Airlines
Fleet size 3
Headquarters Beijing, China
Website grandchinaair.com
Grand China Air
Simplified Chinese 大新华航空
Traditional Chinese 大新華航空

Grand China Air Co., Ltd. (GCA) is a Chinese airline based at Haikou Meilan International Airport.

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%).[2]

It was reported that George Soros was a minority shareholder[3][4] It was reported that Starstep was still owned by Soros. Former associate of Soros, Bharat Bhisé, via Pan-American Aviation Holdings,[5] owned 4.00% stake of Grand China Air as the 8th largest shareholder (in 2015 Pan-American was acquired by Jun Guan);[6][7] Pan-American Aviation Holdings was a minority shareholder of HNA Group indirectly.[2]

History[edit]

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

Destinations[edit]

Grand China Air will serve the same destinations as Hainan Airlines.

Fleet[edit]

The Grand China Air fleet consists of the following aircraft (as of August 2016):[8]

Grand China Air fleet
Aircraft In Fleet Orders Passengers
F Y Total
Boeing 737-800 3 0 8 156 164

References[edit]

  1. ^ "Designators and Indicators", Eurocontrol, retrieved on 2008-11-13.
  2. ^ a b "简式权益变动报告书" (PDF). Hainan Airlines (in Chinese). Shanghai Stock Exchange. 7 September 2016. Retrieved 23 February 2017. 
  3. ^ Leo Zhang, "It's plane and simple: China has Grand plan", Shanghai Daily, 2007-11-30. Retrieved on 2008-03-31.[dead link]
  4. ^ Hainan Airlines Announces Grand China Airline's Opening, China Hospitality News, 2007-12-03. Retrieved on 2008-03-31.[dead link]
  5. ^ "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. 
  6. ^ "2015 Annual Report" (PDF). AID Partners Capital Holdings. Hong Knog Stock Exchange. 30 March 2016. Retrieved 23 February 2017. 
  7. ^ "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. Retrieved 23 February 2017. 
  8. ^ "Global Airline Guide 2016 (Part One)". Airliner World (October 2016): 11. 

External links[edit]