Member since 17 Jun 2018
Total posts 8
This is obviously partially due to wanting to raise lots of capital and Chinese government restrictions, but HNA’s aviation strategy seems a bit ridiculous. They currently own (or partially own) the following airlines:
Member since 17 Sep 2015
Total posts 73
Wow - amazing.
I tried updating but it hasn’t worked - they also own Suparna Airlines, Hong Kong Airlines and HK Express. Likely to have missed more.
Qantas - Qantas Frequent Flyer
Member since 11 Oct 2014
Total posts 342
With the recent accidental death of HNA Chairman Chen Fang in Paris, I would expect some considerable changes in management and strategy from within the group. And as @traveller14 succinctly notes, the Chinese Mainland Government may enforce some further unforeseen restrictions based on capital raising. Hence the recent HNA divestment in a certain large US-based hotel chain.
Whether HNA has 'too many airlines' in its portfolio is an interesting question. The last 6 in the list are shareholdings in airlines outside of China. Holding such shares can be either highly clever in terms of feed to your own product .. or the reverse - highly problematic, as we've recently seen with Etihad's failed investment strategy. And, in reality, you won't get to 're-organise / restructure' or merge these foreign carriers in any meaningful way. National and international rights ensure that.
However, within mainland China, each of HNA's carrier brands seek to fulfill a different strategic role, based on marketing knowledge and need. These include full-service legacy, LCC, Low-Fare, the only privately owned commercially operated (Lucky) and that is before you consider the split between international and domestic. Also, when you are dealing with secondary Chinese cities that have populations over 8-10 million or more people as a captive market, who is to say whether HNA has 'too many'?
If you were to look at QF's ownership, many think of it as one .. but QF also owns JQ in Australia, owns a share of Jetstar (Japan), Jetstar Pacific (Vietnam USA etc) and Jetstar Asia (Singapore). Let's not forget QF's 46% shareholding in Fiji Airways as well as Eastern Australia domestic regional. That quite a portfolio as well - with a lot smaller market.
Member since 04 May 2018
Total posts 42
Probably due to government policy and restrictions and l'm sure provinces and cities can subsidise airlines so they have their own airline.
Member since 12 Feb 2015
Total posts 61
Most business matters in China lack transparency.
Cathay Pacific - The Marco Polo Club
Member since 02 Jul 2018
Total posts 22
Well, you missed Hong Kong Airlines and Hong Kong Express.
Virgin Australia - Velocity Rewards
Member since 15 Nov 2017
Total posts 143
At least flying with them is a cheap way to Velocity Platinum
I included them afterwards. They also own Africa World Airlines and West Air as well.
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HNA Group - Too many airlines?
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