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Caixin Global
Caixin Global
Business
Zou Xiaotong and Ding Yi

Hainan Airlines’ Stock Gets Much-Needed Boost From Key Investor

Hainan Airlines Shanghai

What’s new: One of Hainan Airlines Holding Co. Ltd.’s (600221.SH) key shareholders has boosted its stake in the Shanghai-listed carrier, helping drive up its share price, which has been hovering close to the level that would trigger a forced delisting.

American Aviation LDC. bought some 2.57 million B shares on Friday, according to a stock exchange filing on Monday. American Aviation acts in concert with Hainan Airlines’ controlling shareholder Hainan Hanwei Investment Co. Ltd., which owns 24.41% of the airline.

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