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

History

Grand China Air was formed on 29 November 2007 under the initiative of the HNA group's largest operational entity,

Hainan Airlines Hainan Airlines Co., Ltd. (HNA, ) is an airline headquartered in Haikou, Hainan, People's Republic of China. The airline is rated as a 5-star airline by Skytrax. It is the largest civilian-run and majority state-owned air transport company, ...

, 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 George Soros ( name written in eastern order), (born György Schwartz, August 12, 1930) is a Hungarian-American businessman and philanthropist. , he had a net worth of US$8.6 billion, Note that this site is updated daily. having donated mo ...

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.

U.S. sanctions

In January 2021, the United States government named Grand China Air as a company "owned or controlled" by the People's Liberation Army and thereby prohibited any American company or individual from investing in it.

Destinations

Grand China Air will serve the same destinations as

Fleet

Current fleet

, Grand China Air operates an all-Boeing fleet consisting of the following aircraft:

Former fleet

The airline previously operated the following aircraft (as of August 2018): * 1 further Boeing 737-800

References

External links

Official website
{{Airlines of the People's Republic of China Airlines of China Airlines established in 2007 Companies based in Hainan HNA Group Chinese companies established in 2007 Chinese brands