Beijing and HNA Group to establish Capital Airlines

According to the strategic cooperation framework agreement signed by Beijing municipal government and Hainan Airlines Group (HNA Group), Beijing and HNA Group will jointly establish an airline company named Capital Airlines Joint Stock Company.

Reporters learned from HNA Group February 8 that according to the "Strategic Cooperation Framework Agreement between the Beijing Municipal Government and HNA Group" signed by the vice mayor of Beijing Ding Xiangyang, and the board chairman and vice CEO of HNA Group Wang Jian, the 2 parties will jointly establish the Capital Airlines Joint Stock Company by increasing investment and stock in Deer Air Company, a subsidiary of HNA Group. Beijing Tourism Group will represent Beijing to participate in the construction of Capital Airlines.

Officials of Beijing and Hainan province and the board chairman of HNA Group Chen Feng expressed that in accordance with the strategic cooperation framework agreement, both parties will not only jointly establish Capital Airlines, but also carry out multi-layered and comprehensive cooperation in tourism, hotel, media, culture and other areas. They will make new contributions in accelerating the implementation of the "Environmentally-Friendly Beijing, Culture-Enriched Beijing and Technology-Empowered Beijing" development strategy, and in promoting Beijing to become a world-class city.

By People's Daily Online